Brunei Vehicle Market in the 2017 has lost for the fourth year in a string losing 6.5%. The negative economic trend and the lower consumer spending both in private and public sectors keep to hit the automotive sector.
Brunei’s economy gained momentum in the third quarter according to recently-released figures. Growth was 1.2% year-on-year in Q3, up from Q2 and marking the second consecutive quarter of expansion. The economy seems to have left behind the prolonged recession brought about by low oil prices. The non-oil sector posted a healthy expansion thanks to surging construction and business services sectors, although the hydrocarbon sector was virtually flat in Q3, with higher commodity prices and greater LNG output largely offset by oil production cuts.
Brunei vehicles market hit its historical record in the 2013, before to start declining for four consecutive years down at 12.837 sales reported in the 2017, according to data released by the Brunei Automobile Traders Association (BATA).
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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 2022. 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 Brunei Corner Store.