New Market Study, "Saudi Arabia Autos Report Q1 2014", Has Been Published
BMI has become more optimistic about the medium-term outlook for Saudi new vehicle sales over the past quarter. We are now targeting 24% growth over the 2014-17 period, up from 17% previously. This should see total new vehicle sales break through the 1mn barrier during 2016 and reach 1.08mn by 2017. Looking at the most recent sales data (for 7M13) these show that new sales are up by some 11.2%, at 459,682 units. For the full year, BMI is targeting...
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