>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 manufacture

>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)