Thursday, 7 November 2013

Ghana Autos Report Q1 2014

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Ghana Autos Report Q1 2014
Nov 6th 2013, 00:00

Price: $ 1295  

Although, we had a fairly bullish outlook for passenger car sales earlier in 2013, the lacklustre performance in recent months due to political uncertainty has prompted us to tone down our forecast. We are downgrading our 2013 sales growth forecast to 3.0%, to 9,830 units, from 12.5% previously. While we still believe that consumer spending will increase in the coming years, we have slightly downgraded our longterm car sales growth forecast as the factors necessary to generate wealth, although in place, will take a while to filter through. We have revised our 2014 passenger car sales growth forecast to 9.0%, to 10,715 units from 10.8% previously. We believe a number of factors will generate wealth and consequently boost consumer spending in the coming years. ...

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