Automotive Markets and Financing in Africa - Kenya and Nigeria

  • ID: 3607022
  • Report
  • Region: Africa, Kenya, Nigeria
  • 26 Pages
  • Frost & Sullivan
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West and East Africa Expected to Become the Fastest-Growing Vehicle Markets by 2030
This market insight provides a consolidated overview of the economic climate and the automotive and vehicle financing markets of Nigeria and Kenya. The study looks into trends driving sales and leasing and the associated behaviour of buyers, while discussing macroeconomic challenges related to the wider economy and banking sector.

It examines new car sales figures, the top-selling vehicles, and the effects of the secondhand market in each country. It looks at the banking sector in each country and discusses how policies affect vehicle financing.

As relative economic and political stability are achieved in Africa, international companies are establishing operations in countries offering the greatest growth. With strong fundamentals and expanding populations, Nigeria and Kenya represent key regional hubs for West and East Africa, respectively.
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1. Automotive Markets and Financing in Africa
1.1 Vehicle Trends and Financing in Nigeria and Kenya
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