Gabon Autos Report - Business Monitor International - Industry Reports

Gabon Autos Report

Gabon Autos Report - Business Monitor International - Industry Reports
Gabon Autos Report
Published Aug 06, 2016
23 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Furthermore, Chinese investments from the likes of China-Based Gezhouba Group Corporation, which announced plans to construct two hydroelectric power stations in Gabon and investments of around USD---mn from the China Export Import Bank to fund road infrastructure are examples of the dependence of the government on foreign funds. However, these projects are already under construction and will therefore have no impact on our CV forecasts. ...However, these projects are already under construction and will therefore have no impact on our CV forecasts. We highlight that the government will continue its struggle to attract foreign direct investment due to the country s underdeveloped financial sector, high levels of red tape obstructing the business environment, and low levels of skilled labour. Light commercial vehicle (LCV) sales will grow -.- in ---- and at an annual average of --.- over our --------- forecast period, while heavy truck sales will grow by -.- in ---- and at an annual average of -.- to ----. ...Buses and coaches will, however, remain below their peak level of --- units reached in ---- and only manage to reach --- units by ----. A limited government budget restraining investment into public transport and the lack of transport infrastructure will continue to dampen bus and coach sales over our forecast period.

...We forecast passenger vehicle sales to grow -.- in ---- and at an annual average of -.- over our --------- forecast period. Given the current small size of the population in Gabon, vehicle sales in terms of units sold will only reach -,--- units in ----. ...Over the long term, used cars still remain a major obstacle to new vehicle sales growth. While restrictions on used car imports, which were imposed in September ---- preventing used cars older than three years on the road from being imported, could have a slightly positive impact on the new car segment, we still believe the highly competitive used car market will continue to limit growth. The imported used vehicles still offer the consumer a cheaper option when purchasing a vehicle. ...While restrictions on used car imports, which were imposed in September ---- preventing used cars older than three years on the road from being imported, could have a slightly positive impact on the new car segment, we still believe the highly competitive used car market will continue to limit growth. The imported used vehicles still offer the consumer a cheaper option when purchasing a vehicle.

...We forecast commercial vehicle (CV) sales will grow -.- in ---- and at an annual average of -.- to ----. Although the growth rate is strong, the market size and the number of units sold draw a better picture of the outlook for the market. ...

  
Source:
Document ID
2049-0194
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Gabon Autos Report" Aug 06, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Gabon-Autos-Report-2026-1315>
  
APA:
Business Monitor International - Industry Reports. (2016). Gabon Autos Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Gabon-Autos-Report-2026-1315>
  
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