Iraq Autos Report - Business Monitor International - Industry Reports

Iraq Autos Report

Iraq Autos Report - Business Monitor International - Industry Reports
Iraq Autos Report
Published Aug 27, 2016
26 pages — Published Aug 27, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We believe the companies that are best-placed to weather the storm are Iranian carmakers such as Iran Khodro Company (IKCO) and SAIPA, which have the benefit of close proximity to the market without border issues, as well as recognised brands and competitive pricing. Both have named Iraq as a strategically important market, with SAIPA announcing new model launches for the country this year, suggesting that it has not been as badly impacted as some other companies. ...The motor company has hinted that it is planning on following on from this investment by establishing a production line for its Soren cars in Iraq by the end of Q---. Although our Country Risk team has revised their view on the devaluation of the currency stating that the Central Bank of Iraq will no longer devalue the dinar over the coming quarters, they highlight that the currency will come under pressure in ----. This will be driven by the fact that the country s external and fiscal balances will continue to depend on crude oil, which will be trading well below its --------- level. ...The lifting of almost all sanctions on Iran in January ---- will provide potential for international brands to access and service the Iraq automotive market without having to set up shop in Iraq itself. Servicing the Iraq market from Iran will not only drastically reduce the security threat but it will also reduce the costs associated with the export of vehicles into Iraq.

...The growth potential for the car market, which we forecast to grow -.- between ---- and ---- assuming improved stability, means that companies are not entirely withdrawing as they are in other trouble spots, such as Libya. Total vehicle sales previous peak levels of ---,--- units in ---- indicates that the market has growth potential given that total vehicle sales are forecast to grow to --,--- units in ----. ...Total vehicle sales previous peak levels of ---,--- units in ---- indicates that the market has growth potential given that total vehicle sales are forecast to grow to --,--- units in ----. Egypt s largest vehicle assembler and distributor, Ghabbour Auto (GB Auto), restructured its business strategy in Iraq to maintain what it calls in its Q- results reasonably low visibility . It adds that the Iraqi market is a key market in the MENA region and for that reason it will maintain operations. ...For consumers with reduced spending power, and in a market where luxury items might be at risk, motorcycles and three-wheelers provide a viable option for personal transport. Although exact market data for the motorcycle segment is not available, GB Auto says management is optimistic about its long- term potential .

...� Business Monitor International Ltd Page - for constantly increasing military spend in the fight against IS, there is a significant number of infrastructure projects which are held up due to delays as a result of security instability. The constant threat of civil war and unrest as a result of the fight with IS is hampering foreign direct investment resulting in project delays. ...

  
Source:
Document ID
2053-2849
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Iraq Autos Report" Aug 27, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Iraq-Autos-Report-2026-1267>
  
APA:
Business Monitor International - Industry Reports. (2016). Iraq Autos Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Iraq-Autos-Report-2026-1267>
  
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