BMI expects strong macroeconomic fundamentals, robust demand from the business sector, a burgeoning middle class and higher levels of disposable income to be the key drivers of vehicle sales growth in Mozambique during the medium-to-long term. Our core scenario envisages the size of the new vehicle market to almost double to over 30,600 units by 2017 – compared to levels seen in 2012. Mozambique is also expected to make a foray into the production segment in 2013, thanks to a significant investment from Chinese company China Tong Jian Investment (CTJI) in the country. In 2013, we forecast new vehicle sales …
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