Thursday, 25 April 2013

Mozambique Autos Report Q3 2013

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Mozambique Autos Report Q3 2013
Apr 24th 2013, 00:00

BMI remains positive on the outlook for new vehicle sales in Mozambique across the 2013-17 period,currently forecasting 78% growth, to reach 33,367 units. Commercial vehicle (CV) sales will continue toaccount for the lion''s share of new vehicle sales in the Sub-Saharan African nation; however, we expectpassenger car (PC) sales to increase at a faster rate over the coming five years. This will see the percentagesplit between CV and PC sales move from 67:33 in 2013, towards 60:40 by 2017.Driving passenger car sales will be a burgeoning middle class in Mozambique and higher levels ofdisposable income over the medium term. Although our Macroeconomic Team recently downgra...

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