Namibia Autos Report - Business Monitor International - Industry Reports

Namibia Autos Report

Namibia Autos Report - Business Monitor International - Industry Reports
Namibia Autos Report
Published Aug 13, 2016
24 pages — Published Aug 13, 2016
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Abstract:

We expect robust growth in the construction industry over --------- to help drive demand for light commercial vehicles (LCV) and heavy trucks in Namibia over the next three years. Growth in the construction industry is forecast to grow by an annual average of -.- in real terms between ---- and ---- according to our Infrastructure team. ...We expect the commencement of construction of these infrastructure projects to help drive growth in the CV segment over the next three years. From ----, growth in the construction industry is expected to slow according to our Infrastructure team, as government struggles to attract investment into big ticket projects. This slowdown will weaken demand for CV over the remainder of our forecast period to ---- as a lack of construction activity reduces investment by businesses into new LCV and heavy truck purchases. ...From ----, growth in the construction industry is expected to slow according to our Infrastructure team, as government struggles to attract investment into big ticket projects. This slowdown will weaken demand for CV over the remainder of our forecast period to ---- as a lack of construction activity reduces investment by businesses into new LCV and heavy truck purchases.

...High interest rates and increasing inflationary pressures combined with a slowing construction industry are translating into weaker than expected demand for both passenger cars and commercial vehicles (CVs). As a result, we are revising down our vehicle sales forecast to a contraction of --.- in ----, down from our previous forecast of a -.- decline. Bearing this view out, vehicle sales in Namibia fell --.- y-o-y in -M--, reaching -,--- according to Namibian research house IJG Securities. Breaking this down further, passenger car sales totalled -,--- units, down --.- y-o-y in -M--, while total CV sales declined --.- y- o-y in -M--, reaching -,--- units. Over the next five years, we forecast vehicle sales to average an annual decline of -.- over our forecast period ---------. ...Breaking this down further, passenger car sales totalled -,--- units, down --.- y-o-y in -M--, while total CV sales declined --.- y- o-y in -M--, reaching -,--- units. Over the next five years, we forecast vehicle sales to average an annual decline of -.- over our forecast period ---------.

...As we pointed out in our last RRI update, the SSA regional average scores for Risk and Rewards are already low compared with other regions in the world, reflecting the nascent stage in which the SSA autos industry still is (see SSA Autos RRI: Outperformance Is All Relative , April -). In this latest update, the regional average Rewards score has fallen even lower as we have revised down the sales forecast (a key component of the Rewards score) for several countries. ...

  
Source:
Document ID
2049-0054
Country
Industry
Format:
PDF Adobe Acrobat
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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. "Namibia Autos Report" Aug 13, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Namibia-Autos-Report-2026-1367>
  
APA:
Business Monitor International - Industry Reports. (2016). Namibia Autos Report Aug 13, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Namibia-Autos-Report-2026-1367>
  
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