Thursday, 16 May 2013

Cameroon Autos Report Q3 2013

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Cameroon Autos Report Q3 2013
May 15th 2013, 00:00

Cameroon''s new vehicle market is a fraction of the size of some its larger regional neighbours, but itsgrowth rate has been similarly marginal. Car ownership is still low by regional standards and is only justexpected to pass 20 cars per 1,000 people during our five-year forecast period to 2017, which suggests thereis not the same level of middle class development as in some of the bigger Sub-Saharan African markets.Several economic episodes have reduced demand for new cars in favour of cheaper second-handalternatives. This includes the economic crisis of the 1980s, the franc''s devaluation and the reduction in civilservant salaries in the 1990s.In 2012, vehicle...

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