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Friday, 6 September 2013

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

Automotive & Transportation Market Research Reports
 
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Cameroon Autos Report Q4 2013
Sep 4th 2013, 00:00, by rnrmahesh

Cameroon’s new vehicle market is a fraction of the size of some its larger regional neighbours, but its growth rate has been similarly marginal. Car ownership is still low by regional standards and is only just expected to pass 20 cars per 1,000 people during our five-year forecast period to 2017, which suggests there is not the same level of middle class development as in some of the bigger sub-Saharan African markets. Several economic episodes have reduced demand for new cars in favour of cheaper second-hand alternatives. These include the economic crisis of the 1980s, the franc’s devaluation and the …

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