Industry Trend Analysis - Mining Activity And Rising Investment To Fuel CV Demand - JAN 2018
BMI View : We forecast growth of 5.5% in new commercial vehicle sales in Zambia in 2018, supported by increasing output from the mining sector as well as a pick-up in capital expenditure by businesses.
We forecast new commercial vehicle (CV) sales in Zambia to grow 5.5% in 2018, totalling 653 units. Breaking this down, new light commercial vehicle (LCV) sales will rise 20%, totalling 100 units, while heavy truck sales will expand by 2.7%, reaching a total of 533 units by year end.
Mining And Fixed Investment To Drive CV Sales
|Seady Growth In CV Segment|
|Zambia - CV Sales By Segment, Units|
|f = BMI forecast. Source: Zambiamtc, BMI|