2014-02-10 03:19:03 - Zambia Autos Report Q2 2014 - a new market research report on companiesandmarkets.com
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 GDP growth outlook last quarter we maintain our overall optimistic outlook for new vehicle sales in the country.
We are currently forecasting the new vehicle sales market in 2018 to reach over 6,800 units, more than twice the size in 2012, when Analysts estimate that only 2,639 new vehicles were sold.
The autos segment will also draw some strength from increased government and business purchases, which we believe will continue to account for the lion´s share of new vehicle
sales in Zambia. With the government planning to invest US$5.6bn in road construction over the next five years - as a part of a programme to modernise the country´s infrastructure - we see favourable conditions for commercial vehicle sales, particularly trucks, in the country.
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