Thursday, 21 February 2013

Angola Autos Report Q2 2013

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Angola Autos Report Q2 2013
Feb 20th 2013, 00:00

In view of the ongoing transport modernisation programme in Angola, we remain highly optimistic aboutthe growth potential in the country''s autos industry. In 2013, we forecast vehicle sales to grow 20% y-o-y,to 54,200 units, after an estimated 23% y-o-y growth in 2012. Growth will be also supported by Angola''srapid economic growth, which our macroeconomic expects to stand at 8.7% in 2013, following anestimated 8.4% y-o-y growth in 2012.In the short term, we see conditions being particularly favourable for commercial vehicle sales in thecountry as a host of players enter the transportation sector to benefit from the ongoing modernisationprogramme. In January 201...

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