We have revised up our forecast for new vehicle sales in Thailand to growth of 15.2% in 2018, up from our previous forecast of an 11.1% expansion. We continue to expect rising household spending, rising private sector investment, low interest rates, replacement demand following the expiry of the five-year lock-up period for vehicles bought under the first-time car buyer scheme and ongoing infrastructure development will drive growth in auto sales in the country over the remainder of 2018.

We have revised up our forecast for new vehicle sales in Thailand to growth of 15.2% in 2018, up from our previous forecast of an 11.1% expansion. We continue to expect rising household spending, rising private sector investment, low interest rates, replacement demand following the expiry of the five-year lock-up period for vehicles bought under the first-time car buyer scheme and ongoing infrastructure development will drive growth in auto sales in the country over the remainder of 2018.

We believe that Côte d'Ivoire's consumer base will continue to post strong growth over our 2018-2027 forecast period, which, in turn, will drive robust demand for vehicles. Furthermore, the government's continued commitment to further develop its infrastructure will create a supportive environment for Côte d'Ivoire's commercial vehicle segment.