Bahrain Auto Sales had bottomed out in Q1 and during the Q2 started to recovery from the sharp fall started in 2015. First half 2018 sales have been 18.977, up 4.5%. However the economy contracted in Q1 and financial environment is at risk.
Bahrain economy contracted in the first quarter of the year for the first time in several years on the back of a sizable drop in output from the crude petroleum and natural gas sub-sector, despite rising oil prices from which fellow GCC economies and other Middle Eastern countries benefitted. The contraction came amid increasing concerns over the health of Bahrain’s economy, which is facing significant fiscal and current account deficits, an increasing public debt ratio and low international reserves.
Bahrain vehicles market ended in the 2015 a long positive period, hitting the all time record at 65.042 sales. However the economic crisis generated in the region by the fall of oil price in the international market have rapidly reduced the consumer’s demand and sales dropped to 49.800 in the 2016 and 38.260 in the 2017, down 23.2%.
In the 2018 the new vehicles light vehicles market has stopped the fall. After a first quarter ended with a moderate decline at 9.841 sales (-2.5%), in the second the demand pulled up sales at 8.843 units (+9.2%) with first half figures at 18.977, up 4.3%.
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At brand-wise, the market leader Toyota has lost share selling 6.409 units (-10.3%) while the second, Nissan, boomed 42% at 1.808 units.
Research, Consulting, Data & Forecast
F2M covers intensively this market with several products developed to help any investigation required. Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2025. AutoData in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end. See details within Bahrain Corner Store.
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