BMI forecasts passenger car sales in Angola to increase over 20% in 2013, predicated on our bullish outlook for private consumption in the country. We expect inflation to moderate somewhat over the year, and access to credit for many Angolans to improve, which should serve to boost car sales over the year. Further, we expect the exchange rate to remain relatively steady over the course of the year, which should help to stabilise the cost of imported vehicles into the country and further boost sales. As with many emerging markets, the used-car segment is far more substantial than the new …
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