Industry Developments

BMI forecasts steady growth in Kuwait's auto market over the medium term against a backdrop of solid economic growth, strong budget surplus and a continued recovery in its banking sector.... 2011-11-02

Despite the country's small size, Ghana's autos market has grown rapidly in recent years due to economic growth and a developing middle class. Car sales increased in 2006 when real... 2011-11-01

Indian carmaker Tata Motors has announced plans to build a truck production plant in Kenya in 2012, as it looks to increase its market share in the rapidly growing truck market. By... 2011-11-01

Growth in auto sales in Saudi Arabia has recovered from the slump caused by the 2009 financial crisis. BMI forecasts that auto sales will grow by a steady 6.99% year-on-year (y-o-y)... 2011-11-01

Namibia's autos sector benefits from the country having one of the highest per capita incomes in the Southern Africa region (third, behind Botswana and South Africa), and as such it... 2011-10-28

BMI View: Regardless of short-term risks related to slowing macroeconomic and credit growth, we continue to forecast strong average growth of 7% per annum in the Mozambican automotives... 2011-10-26

Although BMI has previously commented on the effects of a weakening Kenyan shilling on the country's used car segment (see 'Weak Shilling And Low Stocks Mean Bleak Outlook For Used... 2011-10-24

British luxury car division Jaguar Land Rover (JLR), owned by India's Tata Motors, has invested US$52mn in its Sub-Saharan African operations over the last financial year, according... 2011-10-19

Namibia's total new vehicle sales rose 10.2% year-on-year (y-o-y) in September, to 1,076 units. This total was led by sales in the extra heavy commercial vehicle segment, which more... 2011-10-18

Audi Middle East is the fastest-growing premium brand in the region, according to managing director Jeff Mannering. The company is firmly on course to achieve its target of 25% growth... 2011-10-13