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Zambia Autos Report Q3 2015

44 Pages BMI Research May 13, 2015 SKU: BMI5556446

Zambia Autos Report Q3 2015

We expect the autos market to recover in 2015 and 2016, on the back of an acceleration in economic growthover the coming quarters. Private consumption will be a key growth driver, owing to the likelihood of goodharvests in the agriculture sector. As such, we forecast private consumption growth of 6.5% in both 2015and 2016. Some of the income generated by the agriculture sector could in turn be re-invested in newcommercial vehicles, helping the autos sector to recover.

The growth of vehicle financing and leasing in Zambia means it is becoming possible for more new carbrands, even from higher price points, to access the market. As Nissan Motor doubles its efforts to increaseits presence in the country and Volkswagen arrives with a new showroom, the availability of various formsof financing will support growth in the nascent new car segment.

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Zambia Autos Report Q3 2015

BMI Research
May 13, 2015

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