Over H113, UAE new car sales were up by a reported 12% y-o-y, at 166,290 units. This leaves the country well on course to hit BMI’s forecast of 14% growth for the full year. Looking forward, BMI retains an optimistic outlook on new vehicle sales, forecasting further growth of 33.7% over the 2013-17 period. Underpinning our upbeat stance is BMI’s positive view on the UAE economy, which we see expanding by 3.2% in real terms in 2013, rising to 3.8% in 2014. Although we expect growth in the UAE to slow in H213, as net exports fall on the back …
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