Thursday, August 30, 2007

True, it's a small market

Not many cars are sold in Senegal today. Until fairly recently almost all the cars sold were used cars from Europe. That is changing.

First, Senegal has changed its laws so that used cars cannot be older than five years. And, China is now exporting new cars to Senegal and most other African companies. Sales of Chinese cars have gone from just about zero in 2001 to $8,000,000 last year, while the used car market has been cut by two-thirds.


Not only is China exporting cars, it is also building cars outside of China. It has plants in Iran and Egypt.

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