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Africa is a prime destination for second hand cars coming in from developed countries. I'm skeptical there is much growth opportunity there for car manufacturer
by ddebernardy 10y ago
Africa is a prime destination for second hand cars coming in from developed countries. I'm skeptical there is much growth opportunity there for car manufacturers.
For the middle class, I can't help but wonder if it'll make much sense for them to actually own cars in 50-100 years if there are company-operated fleets of cheap self-driving vehicles - or at least more than one car per household. Time will tell.
- AnAfrican 10y ago>Africa is a prime destination for second hand cars coming in from developed countries. I'm skeptical there is much growth opportunity there for car manufacturers. That's mostly because New Cars were unafforable to All. At least in the places I've visited there are more and more new cars. - because people are richer than a few years ago - because financing options that didn't exist now do - because laws banning imports of cars "older than x years" also help (even if they have unintended consequences)