German automotive manufacturers aim to expand their African presence. Picture: SUPPLIED
The estimated sales forecast of new light vehicles in Africa will be 1.8-million in 2027, double the market volume of 2019, says Dave Coffey, CEO of AAAM. “Our experts estimate that the African new-vehicle market can initially grow to 3-million by 2035, with the potential of 5-million, by implementing effective automotive policies and ecosystems. We are excited about our partnership with the VDA as it will provide expertise, resources and a strong network that will facilitate the development of the automotive industry in Africa,” said Coffey.