The vehicle landscape in Uganda is dominated by used vehicles, imported primarily from Japan, as new vehicles remain unaffordable for most of Ugandans. BMI is forecasting total newly registered vehicles, comprising both new and old vehicles, to come in at 64,658 in 2017, up from the estimated 40,616 in 2012. Driving our forecasts are improvement in the services, construction, and manufacturing sectors, slowly falling interest rates and an acceleration in GDP growth. BMI forecasts real GDP expansion of 6.1% in 2013, compared with an estimated 4.8% in 2012. Commercial vehicles, in particular heavy trucks and buses and minibuses, are expected …
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