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African New Vehicle Sales Hit 2 Million Mark with Strong Growth Expected for the Future
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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 selling well, the macroeconomic factors contributing to market performance, and various variables contributing to the growing interest for these vehicle markets. The analysis focuses on the markets of Angola, Algeria, Nigeria, Kenya, and Egypt and provides an overview of the hot spots for new vehicle sales in Africa.
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