It would appear that the majority of the auto industry believes the industry is worse off without the Automotive Directive, according to a poll of some 40 industry insiders conducted by Al Borsa over the weekend. 60% of respondents believed delays in issuing the Automotive Directive, which grants incentives to assemblers to move up the value chain towards manufacturing, have been detrimental to the sector. As for the prospects of the sector as a whole, 90.4% of survey-takers feel that the industry is prime for a comeback in 2018. 52.4% believe that 4Q2017 will see a marginal improvement in sales. 52.4% of survey-takers also said that the Mercosur agreement with Latin America will have a negative impact on the market. 57.2% say that the market is attractive to new investments since the EGP float.

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