Kenyan Vehicles Sales continue to free fall after the last year excise tax charge. Hit by slow economic progress, the automotive industry is in the hardest crisis of the last 20 years. HCVs segment hit more than industry in average. Isuzu and Toyota are on top.
Kenyan Auto Market 2016 has lost sharply, following three consecutive records, albeit the Kenyan economy was the star in the region with a robust +5.7%. Isuzu was the market leader, but Nissan the best performer.
Nigeria Vehicles Market in 2015 fell down hit by weak economy, social turmoil and low oil price. Despite the 66% fall of imported new vehicles, the start of several local assembly locations sustained vehicles demand.
Nigeria new cars market slow in the first half 2015 hit by the sharp fall of oil price in the international market while the new government has taken five months to start operating. Toyota led the market ahead of Koreans while over 30 OEMs required licence to produce.
Nigeria Vehicles Market rose 11% in the 2014 standing below observers expectations despite the start of the new Automotive National Plan. Chinese carmakers are growing fast while the leader Toyota's sales fell down.
Indian Car Market kept the momentum in May celebrating the first year of the new government with the 13th growing month out of the last 12th. The most concentrated market out of the world's top 25 is today more concentrated
Nigerian Car Market represents the biggest opportunity for Carmakers in OEM considering the huge potential for the country and the availability of natural resources that could help leading the entire sub-saharan area..