Friday, 10 May 2013

Gabon Autos Report Q3 2013

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Gabon Autos Report Q3 2013
May 8th 2013, 00:00

In 2013, BMI forecasts a 3.4% increase in vehicle sales in Gabon, on the back of a 2.2% uptick in thepassenger car segment and a 9.1% increase in commercial vehicle (CV) sales. These fairly bullish forecastscome on the back of the strong euro lowering the real cost of vehicle imports and the increasing role of thenon-oil sector of the economy, which we believe will serve to drive private consumption and manufacturingactivity in the country.We believe vehicle sales in Gabon in 2012 declined 9.9%, to 5,340 units. This is on the back of a 14.1%drop in passenger car sales, to 4,410 units. We believe that CV sales increased 17.1% over the year, to 930units....

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