New Transportation market report from Business Monitor International: "Bahrain Autos Report Q3 2012"
Boston, MA -- (SBWIRE) -- 08/21/2012 -- BMI still predicts a small growth in the sales of vehicles over the 2012 period - with an expected total of 51,146, against 50,490 in 2011. We see this total rising in a linear fashion to 69,249 in 2016. Bahrain is almost unique in that there was not a drop over the period of the global financial crisis. Added to this, the ownership-per-1,000-population metric, which has shown only modest growth in the recent past, and even more incremental increases in the near future (from 420/1000 in 2009 to 599/1000 in 2016), is particularly suggestive of the fact that the market is not going to experience huge growth and that it may even be at a level of marginal replacement.
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This is backed by the fact that Bahrain is experiencing growth of around 4% for 2011 and 3.9% for 2012, which is sub-average for a region averaging around 6%. A contributing factor to this forecast is the lack of significant government subsidies to the population, unlike other local countries, such as the UAE's US$1.9bn housing loan subsidy.
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