Game-changing Automotive Policy Developments in Africa, 2016

Automotive Investment Policy Review for Africa and its Impetus to OEMs

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Game-changing Automotive Policy Developments in AfricaAutomotive Investment Policy Review for Africa and its Impetus to OEMs As Africa speeds up its efforts to industrialise, the automotive sector has attracted attention from a number of governments on the continent. With over 1 billion inhabitants and a growing consumer base, the potential upside for automakers is extensive. If new vehicle sales on the African continent grow to 7 units per 1,000 inhabitants, a feat in itself, total new vehicle sales will reach approximately 7.7 million units annually, making it the 4th largest new car regional market after China, the United States, and Europe and larger than Japan, which was at 4.3 million units in 2016.In res

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