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  4. > Nigeria Autos Report Q4 2015

Nigeria Autos Report Q4 2015

  • October 2015
  • -
  • Business Monitor International
  • -
  • 56 pages

Includes 3 FREE quarterly updates

BMI remains downbeat on the near-term outlook for the Nigerian new vehicle sales market. We maintainour forecasts for a 20% decline in sales in 2015 and expect only a slight recovery in 2016. According to JimDando, the general manager of export operations for Nissan South Africa, auto sales plunged by about30% over the December 2014 to March 2015 period, as cited by Canada's Globe and Mail newspaper inMarch 2015.

In this context, a drop in vehicle imports into Nigeria has been hailed by the government as a sign that thenew National Automotive Policy is bearing fruit by encouraging consumers to buy locally built cars.However, we stand by our long-held view that a drop in imports signals other headwinds faced byconsumers, as the domestic production industry does not yet have sufficient capacity to serve demand, and,in many cases, consumers still cannot afford new vehicles, even those built in Nigeria.

Table Of Contents

Nigeria Autos Report Q4 2015
BMI Industry View 7
SWOT 10
Autos 10
Political 12
Economic 13
Operational Risk 15
Industry Forecast 17
Production, Sales And Trade 17
Sales 17
Table: Autos Total Market - Historical Data And Forecasts (Nigeria 2013-2019) 17
Production 20
Trade 24
Passenger Vehicles 25
Macroeconomic Forecasts 28
Table: Economic Activity (Nigeria 2010-2019) 30
Industry Risk Reward Ratings 31
Sub-Saharan Africa - Risk/Reward Index 31
Outperformers Are Production Hubs 31
Policy Not Always Positive 32
Weak Currency A Barrier To Improvement 33
Company Profile 34
Volvo 34
Peugeot Automobile Nigeria 36
Toyota Nigeria 38
Regional Overview 40
Table: Sub-Saharan Africa - Autos Production Investment 40
Kenya Builds On Hub Advantage 40
Slowly But Surely For Cameroon 41
Nigerian Policy Keeps Investment Coming In 41
Global Industry Overview 43
1 Currency Weakness Hurting African Growth 43
2 Increasing Local Content In Trouble Spots 44
3 SUVs Rolling On 45
4 Tech/Autos Lines Are Blurring 47
Demographic Forecast 48
Demographic Outlook 48
Table: Population Headline Indicators (Nigeria 1990-2025) 49
Table: Key Population Ratios (Nigeria 1990-2025) 49
Table: Urban/Rural Population and Life Expectancy (Nigeria 1990-2025) 50
Table: Population By Age Group (Nigeria 1990-2025) 50
Table: Population By Age Group % (Nigeria 1990-2025) 51
Methodology 53
Industry Forecasts 53
Sector-Specific Methodology 54
Sources 54
Risk/Reward Index Methodology 55
Table: Automotive Risk/Reward Index Indicators And Weighting Of Indicators 56

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