+Susen Rogen

Thursday 17 October 2013

Nigeria Autos Report Q4 2013:Automotive & Transportation Market Research Reports

Automotive & Transportation Market Research Reports
 
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Nigeria Autos Report Q4 2013
Oct 16th 2013, 00:00, by swapnil

In our revised data set, we estimate the total vehicle market to have reached 48,500 units in 2012, down 5.5% from the 51,300 vehicles sold in the previous year. We believe the decline is reflective of the tough macroeconomic environment in the country during the year. The July 2012 flooding submerged thousands of acres of farmland and displaced millions of people. Meanwhile, the economy was also grappling with oil theft which had damaged pipelines and constrained production; as well as ongoing violence. Nigerian real GDP growth dropped from 8% in 2011 to an estimated 6.6% in 2012. In 2013, we …

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