In 2013, BMI forecasts a 3.4% increase in vehicle sales in Gabon, on the back of a 2.2% uptick in the passenger car segment and a 9.2% increase in commercial vehicle (CV) sales. These fairly bullish forecasts come on the back of the strong euro lowering the real cost of vehicle imports and the increasing role of the non-oil sector of the economy, which we believe will serve to drive private consumption and manufacturing activity in the country. We believe vehicle sales in Gabon in 2012 declined 9.9%, to 5,340 units. This is on the back of a 14.1% drop …
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