Sub-Saharan Africa Autos Report Q4 2016

Sub-Saharan Africa Autos Report Q4 2016

Published: October 2016
Publisher: BMI Research
Product ref: 263203
Pages: 21
Format: PDF
Delivery: Immediate download

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BMI View: Increased borrowing costs for an already burdened consumer will keep Sub-Saharan Africa among the worst performing regions for vehicle sales growth in 2016 and 2017. East Africa will remain a bright spot, however, driven by domestic production capabilities.

Key Views ¦ We have revised down our vehicle sales forecast for 2016 and 2017 as several markets are impacted by high interest rates, which are driving up borrowing costs ¦ The region is disappointing as the 'next frontier' for growth, becoming the worst performer globally in 2016 following the revision, and second-worst in 2017 as a return to growth will be marginal ¦ Another downward revision to South Africa, the region's biggest market, is also weighing on the region's performance

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