Africa’s car market remains viable despite COVID-19 setbacks
Despite the COVID-19 pandemic, new-vehicle sales in sub-Saharan Africa, outside South Africa, can grow from about 100,000 to about two-million a year in the next 15 years – and this is a “very, very conservative” estimate
‘African car market to grow amid COVID-19’
Despite the Covid-19 pandemic, African Association of Automotive Manufacturers (AAAM) has estimated that new-vehicle sales in sub-Saharan Africa can grow from around 100 000 a year, outside South Africa, to around two-million a year in the next 15 years.
‘Regional automotive industry ecosystem requires affordable vehicle financing’
Increasing the motorisation rate in Africa from about 42 vehicles per 1000 people to at least the world average of 180 vehicles per 1000 people provide an opportunity for industrialisation, economic growth, balance of payments and job creation in Africa....