Industry Trend Analysis - Liquidity Crisis Will Continue To Hurt Car Sales - MAR 2017
BMI View : Zimbabwean passenger car sales will continue to decline in 2017 as economic growth remains weak and the country continues to battle an ongoing liquidity crisis.
We hold a downbeat outlook for Zimbabwe's autos sector in 2017 as economic growth remains weak and the country continues to battle an ongoing liquidity crisis, which will negatively impact vehicle demand. Given this, we forecast passenger car sales to fall 6.8% in 2017, following an estimated contraction of 23% in 2016.
Weak Economic Growth To Dampen Car Sales
|Car Sales To Continue Declining In 2017|
|Zimbabwe - Passenger Car Sales, Units|
|e/f = BMI estimate/forecast. Source: National sources, BMI|