Nigeria Vehicle Market 2012-2015 Insights research provides facts, data and forecast on this market with all data by OEM, Brand, Model and segment. From the 2004 up to the 2015 All About within 80 pages and 120 charts.
Historical Market data are reported since 2004 with detail by segments, groups, brands and models from 2012 to full year 2015. The market is segmented for cars and LCVs. with a dedicated section to the premium brands segment.
The impact of political environment in case of Africa is huge on any industrial sector, automotive included and that is the case of Nigeria. First political election is scheduled in 2015 while so far the oligarchies that have controlled the country over last 54 years have dispelled the huge natural patrimony.
The consequence of political leadership will be huge to move out Nigeria from the poverty and run towards the rule of biggest African country in terms of population and economic potential. It is very hard to project a mid-term scenario based on last years’ experience.
In addition, the actual government has just taken a new direction, potentially very successful, radically changing the approach the automotive sector. Government has taken the decision to abandon the former approach that was encouraging circulating park development with low level of taxation.
Unfortunately it has supported a huge pre-owned vehicles import and generated a circulating park aged, with high cost of maintenance and with high pollution. The new policy included in the NAAP, released at the end of 2013 and with the first implementation acts issued during the 2014, aim to develop a partnership project with those international companies interested to put their cash on the table.
Nigeria Vehicle Market 2012-2015 Insights research starts from the review of the last ten years heritage in which section we have checked the rule of the automotive industry in the country reporting data on segments, brands and models.
Recent sales data had been reviewed starting from 2004 with a focused analysis on the 2012-2015 data, reported for cars and LCVs.
All data are presented in charts and table with an immediate and easy-to-read style that allow you to catch the essential about this market.
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