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Angola Autos Report Q3 2013
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BMI forecasts passenger car sales in Angola to increase 20% in 2013, to some 20,400 units, 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 car market We
expect this to remain the case for some time in Angola, as new cars remain unaffordable for many
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