Nigeria Autos Report Q3 2016

Date: June 29, 2016
Pages: 31
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: N622B2403C3EN

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Includes 3 FREE quarterly updates

BMI View: The removal of fuel subsides in combination with an ailing naira and lack of access to foreign currency will continue to stifle growth in the Nigerian autos market. As a result, we forecast a 45.0% contraction in vehicle sales in 2016.

Key Views
  • An ailing currency will continue putting upward pressure on the prices of imported vehicles and components.
  • The ongoing dollar shortage will hamper vehicle manufacturing as a lack of access to hard currency slows down operations.
  • The removal of fuel subsidies, and the resulting increase in fuel prices in Nigeria, will continue to keep inflationary pressures high in the country, reducing consumer purchasing power and keeping vehicle running costs high.
BMI Industry View
Key Views
Industry Forecast
  Table: Autos Total Market - Historical Data And Forecasts (Nigeria 2014-2020)
Latest Developments
Structural Trends
Industry Risk/Reward Index
Sub-Saharan Africa - Risk/Reward Index
Average Scores Show Room For Improvement
Manufacturers Among Outperformers
Middle Ground Shows Potential Movers
Company Profile
Peugeot Automobile Nigeria
Regional Overview
Sub-Saharan Africa Overview
  Table: Sub-Saharan Africa Autos Production Investment
Export Potential Lures Investment
Kenya Becoming CV Hub
Nigeria Still Unlikely As A Hub
Demographic Forecast
Demographic Outlook
  Table: Population Headline Indicators (Nigeria 1990-2025)
  Table: Key Population Ratios (Nigeria 1990-2025)
  Table: Urban/Rural Population & Life Expectancy (Nigeria 1990-2025)
  Table: Population By Age Group (Nigeria 1990-2025)
  Table: Population By Age Group % (Nigeria 1990-2025)
Industry Forecasts
Sector-Specific Methodology
Risk/Reward Index Methodology
  Table: Automotive Risk/Reward Index Indicators And Weighting Of Indicators
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