2014-02-10 03:20:03 - Zimbabwe Autos Report Q2 2014 - a new market research report on companiesandmarkets.com
After a 2.9% year-on-year (y-o-y) decline in new vehicle sales in 2013, we forecast robust growth averaging 15.9% y-o-y between 2014 and 2018. Although private consumption will remain relatively robust and will be the main driver of headline real GDP growth in 2014 and in the years thereafter, the vehicles market will continue to rely on demand for businesses for much of its growth. Such is the price differential between new cars and imported used cars that private consumers will continue to be tempted to opt for imported used cars.
Our view for the commercial vehicles segment played out in July 2013, when Babcock, the importer and distributor of DAF trucks in Southern Africa, delivered a total of seven DAF trucks
to Mutare Bottling, the Manicaland Coca-Cola and Schweppes franchise holder in Mutare, Zimbabwe. For DAF, this is the single biggest order coming from Babcock in Zimbabwe.
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