2014-04-03 05:21:03 - Ghana Autos Report Q2 2014 - a new market research report on companiesandmarkets.com
With Ghanaian auto sales for the first 11 months of 2013 coming in at 8,712 units, down 12.7% year-onyear (y-o-y), we have downgraded our 2013 sales growth forecast. We now forecast sales to fall 0.2%, to 9,525 units, The lacklustre sales performance in recent months is partly due to the political uncertainty facing the country. However, we remain confident that consumer spending will increase in the coming years and have maintained our long-term sales growth forecast. We forecast auto sales to grow at an average of 6.4% per annum over the 2014-2018 period, to hit 12,970 units by 2018.
We believe a number of factors will generate wealth for the country and consequently boost consumer spending in the coming years.
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