News: Japanese auto company Honda Motor has opened a new Service and Parts Centre in Makkah, Saudi Arabia, which spans a total area of over 30,000 square metres and has more than 100 working bays, reports Zawya. The company said its new facility is the ultimate 'modern body shop' where customers can take advantage of Honda's services. The services include hourly customer shuttles to and from the Madinah Road branch, plus a fully equipped reception for customers. Honda said the Services & Parts Centre has a Pre-Delivery Inspection workshop with a capacity of 75 cars daily, along with a massive 'Parts Warehouse' with a customer outlet corner for direct sales.
BMI View: BMI maintains an upbeat view on the Saudi new car sales market. New light passenger vehicle sales in Saudi Arabia reportedly increased by some 11% y-o-y over H113, to just below the 400,000 unit mark. This growth bodes well for BMI's full-year target of total vehicle sales of 777,212. As such, we maintain our new car sales forecasts this quarter.