Zambia Autos Report - Q4 2014

Business Monitor International
August 20, 2014
44 Pages - SKU: BMI5315735
Countries covered: Zambia

Zambia Autos Report - Q4 2014

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 GDPgrowth outlook last quarter, we maintain our overall optimistic outlook for new vehicle sales in the country.

The new car segment in Zambia, although still small, will be supported by growth in financing. This willenable new brands to access the market and widen the competitive landscape.

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 down on its efforts toincrease its presence in the country and Volkswagen (VW) arrives with a new showroom, the availability ofvarious forms of financing will support growth in the nascent new car segment, forecast by BMI to average16% over 2014-18.



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