More than 5 million used vehicles exported by the European Union, Japan, and the United States between 2015 and 2018 found their way to Africa.
The high usage of foreign used cars in Africa is because they are cheap, and the lack of manufacturing plants makes purchasing a new vehicle more expensive.
However, some African companies dispute the challenges that hinder the successful running of an automobile company are thriving.
Below are the top countries in Africa with the most automobile production;
South Africa – Largest car producers
South Africa is Africa’s largest producer of cars, with 555,889 units in 2022. South Africa is Africa’s second-largest exporter of cars. The country exported 351,450 cars in 2022.
Morocco – Passenger cars
Morocco exported 464,864 cars worth $11 billion in 2022. Morocco is the largest exporter of passenger cars to Europe. The country is Africa’s largest exporter of cars and the second-largest producer of cars.
Nigeria is home to carmakers like Innoson Vehicle Manufacturing (IVM), Nord Automobiles Limited, Coscharis Motors, and Lanre Shittu Motors (LSM), among others.
Growth in Kenya’s auto industry is being driven by the country’s conducive auto industry policy and a combination of low-cost and abundant labour.
The Horn of Africa country reached the last position on this list. Unfortunately, the ongoing war in the country is hampering the potential of Ethiopia’s auto industry, according to a report by Fitch Solutions.
The information in this article was curated from online sources. NewsWireNGR or its editorial team cannot independently verify all details.
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