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As demand for premium and luxury cars increases in Africa's major automotive markets, understanding the trends, geographies, and factors impacting sales is necessary. This study investigates new luxury car sales in South Africa, Kenya, and Nigeria, with an emphasis on which luxury cars and sports utility vehicles (SUV) are selling well; why exotic ...

Africa is the world’s last growth frontier. With the lowest motorisation rate in the world, there is considerable potential for growth in the automotive industry. Most of the cars on Africa's roads are imported. While governments have taken steps to regulate the import of used cars, the practice continues to persist. New and locally produced vehic...

18 Dec 2020  |  Africa  |  Market Research

Innovative Business Models Transforming the Egyptian Two-Wheeler Market, 2024

Growth in the Market to be Driven by Last-mile Logistics Services and New Women Riders

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Egypt is one of the fastest-growing and most resilient markets in the African continent. In 2019, it was the 45th largest economy and experienced significant economic advancement owing to a considerable reduction in unemployment and inflation. The country's GDP also increased by 5.6% to $302.3 billion between 2018 and 2019 with the industrial secto...

Vehicle leasing is seen as a solution to the growing problems faced by companies for their mobility needs, including vehicle funding, fleet maintenance and, more importantly, residual risk handling. Businesses in the present market conditions are focused on their core products/services and would like to outsource all other support activities. Mobil...

The South African leasing market is constantly evolving as leasing companies and OEMs continue to develop products to meet the ever-changing needs of their customers. Significant growth within the operational leasing market in South Africa is expected as consumers become increasingly aware of the benefits of leasing. The market will be marked by in...

22 Sep 2015  |  Africa  |  Market Research

Executive Analysis of Nigerian Passenger Vehicle Market

Van/Pickup Segment will have the Highest Growth Rate in the Forecast Period

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The passenger vehicle market in Nigeria has experienced significant growth in the recent years. The market is dominated by sedans and vans/pickups such as Toyota Camry and Honda Accord. Luxury cars constitute a small portion of the new vehicle sales but the segment will grow the fastest in the coming years due to increasing disposable income of Nig...

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 c...

Globally, developed automotive markets are showing slow vehicle sales growth. Meanwhile, the African automotive market is less mature, with untapped opportunities. This Heat Map analysis covers the fastest-growing new vehicle markets on the African continent. It looks at market maturation, sales growth, which models and brands of vehicles are selli...

The aim of this study is to research, analyze, and forecast the commercial vehicle telematics market in South Africa. The major focus is on market trends in services, solutions, and technologies for specific segments such as light commercial vehicles, medium commercial vehicles, and heavy and extra heavy commercial vehicles. The study highlights th...