BMI View: We forecast vehicle sales in Tanzania to grow 20.5% in 2017, reaching 91,767 units, supportedby a positive outlook for the Tanzanian consumer and the government's ongoing infrastructure developmentdrive.
Passenger vehicle sales growth of 23.0% will outperform commercial vehicle sales growth of 11.4% in2017.
Passenger vehicle sales growth driven by strong household spending underpinned by lower borrowingcosts and an improving currency.
Subdued inflation volatility will maintain growing consumer purchasing power.
Currency stability will help ease vehicle import costs.
Investments in port and rail infrastructure will drive growth in the commercial vehicle segment.