(MENAFN) The MENA region will be the 3rd fastest growing vehicle sales market this year, influenced by falls in key markets like Saudi Arabia and Egypt.
Meanwhile, the Saudi market will witness a return to growth in the latter months, while consumers pre-empt the introduction of VAT in 2018.
According to BMI forecast total vehicle sales growth of 3.5 percent in the Mideast and N. Africa region this year, ranking third globally behind Latin America and Asia.
Additionally, the joined markets of the GCC states will again underperform, while the introduction of a value-added tax (VAT) in 2018 will offer a short-term bump to sales.
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