In light of the Bank of Botswana (BoB)'s pursuit of monetary easing , easing price pressures, and new Q2 2013 sales data from the Central Statistics Office, BMI forecasts new and used passenger vehicles sales of 36,831 in 2014, a marginal decline on 2013. Passenger vehicles will continue to be the worst performing segment as consumers face price pressure from persistent inflation, fuel subsidies and rises in passenger vehicle prices. Commercial vehicles (CVs) are expected to outperform as mining and construction sectors burgeon as the economy diversifies away from a reliance on diamond exports.

BMI Industry View 7

SWOT 8

Political 9

Economic 10

Business Environment 11

Industry Forecast 12

      Table: Botswana - Vehicle Sales, 2011-2018 12

Macroeconomic Forecasts 18

      Table: Botswana - Economic Activity 22

Industry Risk Reward Ratings 23

Africa - Risk Reward/Ratings 23

      Table: Autos Risk/Reward Ratings - Sub-Saharan Africa 26

Competitive Landscape 27

Company Profile 32

Company News Alert 32

      Table: Top 20 SSA Consumer Markets, 2013 33

Regional Overview 34

Africa: Fruits of Investment A Key Theme For 2014 34

Competition Heats Up In Kenya 34

Hubs Developing? 35

      Table: Sub-Saharan Africa Investment Projects 36

Divergent Fortunes Of Nigeria And South Africa 37

Global Industry Overview 39

      Table: Passenger Car Sales November 2013 (CBUs) 39

Europe On Road To Recovery 39

Tax Hike Skews Japan's Outlook; US Hits Sweet 16 41

China Is BRIC Bright Spot 43

Demographic Forecast 46

      Table: Botswana's Population By Age Group, 1990-2020 ('000) 47

      Table: Botswana's Population By Age Group, 1990-2020 (% of total) 48

      Table: Botswana's Key Population Ratios, 1990-2020 49

      Table: Botswana's Rural And Urban Population, 1990-2020 49

Methodology 50

Industry Forecasts 50

Sector-Specific Methodology 51

Sources 51

Risk/Reward Ratings Methodology 52

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 53

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