Thursday, 7 November 2013

Zambia Autos Report Q1 2014

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

Price: $ 1295  

Zambia's strong economic fundamentals, such as substantial investment inflows to the mining sector, improving productivity in the copper sector, expansionary fiscal policy and a rise in private consumption, will prove beneficial to the long-term outlook for auto sales. Despite downgrading our 2013 real GDP growth outlook we maintain our overall optimistic outlook for new vehicle sales in the country. We are currently forecasting the new vehicle sales market in 2017 to reach over 6,200 units, more than twice the size in 2012. BMI estimates that only 2,639 new vehicles were sold in 2012. The autos segment will also draw some strength from increased government and business purchases, which we believe will continue to account for the lion's share of new vehicle sales in Zambia. With the governme ...

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