Industry Trend Analysis - Capital Investments Will Provide Relief To CV Sales - SEPT 2017
BMI View: S trong growth in Ghana's f ixed c apital f ormation as well as large Chinese investments will support higher growth in commercial vehicle sales .
We believe that the strong growth in capital investment in Ghana from both local and foreign investors will support higher growth in commercial vehicle (CV) sales over our 2017-2021 forecast period. Therefore, we have revised up our CV sales forecast for both light commercial vehicles and heavy trucks from our previous 2017 forecasts of 2.5% and 3.3% respectively to 3.5% and 4.5% for the same period.
Investment To Drive CV Demand
|Commercial Vehicle Sales Will Remain Buoyant|
|Ghana - CV Sales|
|e/f = BMI estimate/forecast. Source: BMI, Ghana NRSC|