Automotive Markets and Financing in Africa—Kenya and Nigeria
This market insight provides a consolidated overview of the economic climate and the automotive and vehicle financing markets of Nigeria and Kenya. The study looks into trends driving sales and leasing and the associated behaviour of buyers, while discussing macroeconomic challenges related to the wider economy and banking sector. It examines new car sales figures, the top-selling vehicles, and the effects of the secondhand market in each country. It looks at the banking sector in each country and discusses how policies affect vehicle financing.
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