Bahrain market report. Q3 2016

Bahrain Cars Sales in Q3 2016 hyundai_veloster_2016

Bahrain Cars Sales declined sharply in the third quarter of the year following the upwards trend started in the second half of the previous year, following years of record sales. The outlook is improving

Market Outlook

Bahrain’s economy slowed down considerably in the second quarter of this year, expanding 2.5% annually and nearly halving the result of the previous quarter. The deceleration mainly reflected a significant contraction in the all-important oil sector, which more than offset healthy growth in the construction, financial and manufacturing sectors.

The Q3 for the cars market was a negative period, in fact the sales slumped in double-digit keeping the pace with the trend of previous months. In September the registrations declined for the 12th month in a row.

As result, year to date September the total vehicles sold in the country had been 39.057, declining 25.8%.

Toyota confirmed the leadership, despite the lost in sales (-31.3%) followed by Nissan (-30.4%), Hyundai (-7.7%), Lexus (-6.9%),  Kia (-35.9%) and Honda (-5.5%).

As far as the best-selling models performance, the Toyota Land Cruiser kept the leadership with 3.925 sales (-62.7%) followed by the Toyota Hilux with 2.675 (-51.6%), the Toyota Hiace with 1.594 (+0.0%), the Hyundai Accent with 1.020 (+133.3%) and the Toyota Corolla with 1.421 (+0.0%).

Research, Consulting, Data & Forecast Store

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 2022.

Auto Data 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.

All these and more within our Bahrain Store.

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