BMI retains its optimistic view towards the outlook for new vehicle sales in Oman this quarter, forecasting a 7.4% increase in 2013, to take annual sales towards the 220,000 unit mark, with risks to our forecast very much weighted towards the upside. Indeed, initial reports from Oman sound highly encouraging, with vehicle sales for the first two months of 2013 up by some by 21% y-o-y, at 34,867 units. If this strong upward trend is repeated across more of the year, then there are clear upside risks to BMI’s current forecasts.
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