Lebanon Autos Report - Business Monitor International - Industry Reports

Lebanon Autos Report

Lebanon Autos Report - Business Monitor International - Industry Reports
Lebanon Autos Report
Published Jun 11, 2016
32 pages — Published Jun 11, 2016
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Abstract:

� Business Monitor International Ltd Page - du Liban has stipulated that monthly repayment fees on car loans should not exceed -- of a household s income. According to a report by the local Daily Star newspaper, the new car loan rules had the greatest impact on smaller cars priced at USD--,--- or lower. ...Barring a rapid resolution to the diplomatic crisis, we cannot rule out the imposition of further retaliatory measures by the Gulf - putting pressure on investment flows into Lebanon, project financing, and remittances. As such, both passenger car (PC) and commercial vehicle (CV) sales will find little support from the country s economic conditions, with a fall in tourism numbers from the Gulf region also likely to reduce demand for new PCs and SUVs from car rental companies. On the political side, Lebanon will face continued political deadlock and the negative spill over from regional issues over the coming years. ...Moreover, Lebanon s long-standing political and sectarian fractures have deepened further throughout the duration of the Syrian civil war. The external players that compete for influence in Lebanon - Saudi Arabia

...� Business Monitor International Ltd Page -- and Iran - have themselves become more confrontational. Overall, the country remains far away from finding a comprehensive solution to the paralysis that permeates its institutions, and mistrust between the Lebanese political factions is unlikely to abate until a settlement is found to the Syrian conflict - an outcome that we do not expect for the time being. ...� Business Monitor International Ltd Page -- and Iran - have themselves become more confrontational. Overall, the country remains far away from finding a comprehensive solution to the paralysis that permeates its institutions, and mistrust between the Lebanese political factions is unlikely to abate until a settlement is found to the Syrian conflict - an outcome that we do not expect for the time being. Beyond ----, we hold a cautiously optimistic medium-term view on the outlook for Lebanese new car sales, given the robust state of domestic demand and favourable demographics, although this remains dependent on a resolution to the political and economic strife racking the country at the present time. ...In its commentary on ---- sales figures, the AIA stated that the modest increase in new passenger car (PC) sales was primarily due to the still-challenging domestic political and economic backdrop. The AIA further noted that most new cars sold in Lebanon are now small-engined, cheaper models.

...We believe that ---- will prove to be another steady year of growth for new vehicle sales in Lebanon, despite the country s economic and political difficulties. The move away from larger cars towards smaller-engined cars will continue over our forecast period. ...

  
Source:
Document ID
2397-4435
Country
Industry
Format:
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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. "Lebanon Autos Report" Jun 11, 2016. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Lebanon-Autos-Report-2026-1882>
  
APA:
Business Monitor International - Industry Reports. (2016). Lebanon Autos Report Jun 11, 2016. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Lebanon-Autos-Report-2026-1882>
  
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