Brunei Auto Market in First Half 2016 hit by low oil price

Brunei Auto Market in First Half 2016 Kia Rio 2016

Brunei Auto Market in First Half 2016 crashed in double-digit, but in June recorded the first positive data. The Suzuki Swift conquered the leadership in the models ranking.

Market Outlook

Brunei’s economy continued to contract in 2015 on the heels of the collapse in global oil prices. So far, oil has been the country’s only source of income and the government is now making slow progress to diversify the economy. Meanwhile, Brunei is strengthening its economic ties with

The low price level of the oil price have definitively hit all the local consumption’s including the automotive.

Indeed the fall reported for the last year has been followed by the sales decline along all the first half of the 2016 while just June was year on year up (+5.6%).

According to data released by the Brunei Automobile Traders Association (BATA), total vehicles sales in the first half of 2016 have been 6.377, down 19.1% compared with the same period of the previous year.

The market leader in the first half was again Toyota with only 1.240 sales (-34.7%) and 19.5% of market share, followed by Suzuki with 805 units (+119.5%) and Kia with 787 (-13.2%).

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