DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/333e63/uganda_autos_repor) has announced the addition of the "Uganda Autos Report Q1 2012" report to their offering.
Uganda's new vehicle market is a tiny fraction of the total autos sector, with second-hand vehicles still the only affordable option for many consumers. Even then, sales of passenger cars are around two-thirds the volume of commercial vehicles, with buses comprising the lion's share as public transport is the most widespread means of getting around.
However, there are signs that new vehicle sales are growing, albeit at a much slower rate. According to the Uganda Motor Industry Association, sales of new vehicles for the first eight months of 2011, were up 3% year-on-year (y-o-y) to 1,785 units, compared with the 1,618 units sold the year before. As in other countries in the region, the growth has been spurred by a healthy construction sector, which has generated demand for trucks and heavy vehicles. The data show that out of the total vehicles sold, 984 were pick-up trucks, while passenger car sales comprised 377 station wagons and 227 sedans.
In the new car market, Toyota Uganda is the undisputed leader. In the first eight months of 2011, it accounted for 718 of the 1,785 new vehicles sold, equal to a market share of around 40%. It was followed by Motorcare Uganda with sales of 309 units and Skenya Motors with sales of just 34 units.
There is also a thriving motorcycle market in the country, which has attracted investment in local production. In February 2011, the local distributor for Yamaha Motor motorcycles, Nile Fishing Company, opened the country's first motorcycle assembly plant. The UGX18.8bn facility has a daily production capacity of 50 units, but the company plans to expand the plant by March 2013, to have five assembly lines producing a total of 250 bikes per day.
For more information visit http://www.researchandmarkets.com/research/333e63/uganda_autos_repor