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Kenya Autos Report Q2 2015

63 Pages BMI Research February 04, 2015 SKU: BMI5465520

Kenya Autos Report Q2 2015

We hold an upbeat outlook for the Kenyan automotive sector as a result of its accelerating privateconsumption rates, rising fixed investment and the country's status as the commercial hub of the fastgrowingEast African Community (EAC). In light of this, BMI forecasts that total first vehicle registrationsgrowth over the period 2015-2019 will average 10.0%, with significant upside risks to our forecast.

We believe rising private consumption will account for the bulk of real GDP growth in Kenya. Withconsumption forecast to increase by 4.9% in 2015 and 6.0% in 2016 on the back of strong consumerspending fundamentals, we expect passenger car demand will remain strong.

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Kenya Autos Report Q2 2015

BMI Research
February 04, 2015

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