As of April 2025, South Africa's GDP was estimated at over 410 billion U.S. dollars, the highest in Africa. Egypt followed, with a GDP worth around 347 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with nearly 269 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide. Dependency on oil For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the third quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value. The giants do not make the ranking Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.

Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21,630 U.S. dollars. Mauritius followed with around 12,330 U.S. dollars, whereas Gabon registered 8,840 U.S. dollars. GDP per capita is calculated by dividing a country’s GDP by its population, meaning that some of the largest economies are not ranked within the leading ten. Impact of COVID-19 on North Africa’s GDP When looking at the GDP growth rate in Africa in 2024, Libya had the largest estimated growth in Northern Africa, a value of 7.8 percent compared to the previous year. Niger and Senegal were at the top of the list with rates of 10.4 percent and 8.3 percent, respectively. During the COVID-19 pandemic, the impact on the economy was severe. The growth of the North African real GDP was estimated at minus 1.1 percent in 2020. However, estimations for 2022 looked much brighter, as it was set that the region would see a GDP growth of six percent, compared to four percent in 2021.
Contribution of Tourism Various countries in Africa are dependent on tourism, contributing to the economy. In 2023, travel and tourism were estimated to contribute 182.6 billion U.S. dollars, a clear increase from 96.5 in 2020 following COVID-19. As of 2024, South Africa, Mauritius, and Egypt led tourism in the continent according to the Travel & Tourism Development Index.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for GDP PER CAPITA reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Between 1957 and 2024, Egypt was the most successful national team, having won the African Cup of Nations (AFCON) seven times. Cameroon and Ghana followed achieving five and four titles, respectively. Moreover, nine other African countries managed to secure the title once. The 34th edition took place in Côte d'Ivoire with Côte d'Ivoire managing to secure their third title after winning Nigeria in the final.

The North-African nation Morocco ranked first among the African countries with the most international tourist arrivals, accounting for almost **** million arrivals in 2024. Following in second place and third place were Egypt and Tunisia, which received around **** million and **** million arrivals, respectively.    Which is the top tourist spot?  Egypt ranked first in terms of international tourism receipts in 2023, which amounted to approximately **** billion U.S. dollars. Morocco, South Africa, and Tanzania followed, with international tourist receipts of around **** billion, *** billion, and *** billion U.S. dollars, respectively. Furthermore, Egypt, Morocco, and South Africa have been the three leading countries since 2019. Regarding the Travel & Tourism Competitiveness Index (TTCI) in Africa in 2024, which measures factors and policies that make a country eligible for investments in the travel and tourism sector, South Africa, Mauritius, and Egypt held the top spots. South Africa received a TTCI score of **** out of seven, while Mauritius and Egypt received **** and **** points, respectively. Comparatively, Botswana and Kenya came in next.

This dataset provides values for GDP ANNUAL GROWTH RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Thirteen countries on the African continent have managed to qualify and play in the various FIFA World Cups taking place throughout history. Cameroon was the most successful national team in Africa. The Indomitable Lions participated in ***** different tournaments in the most prestigious soccer competition globally. Morocco and Nigeria followed, featuring *** times each. Egypt took part ***** times and was the first country to ever qualify in 1934. Furthermore, Morocco achieved the best performance, reaching the semi-final in Qatar 2022.

This dataset provides values for CORRUPTION RANK reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for GOLD RESERVES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Mauritius is classified as the most democratic country in Africa. As of 2023, Mauritius' democracy was given **** points, ranking as the only country in the whole continent as fully democratic. The index is based, according to the source, on the electoral process and pluralism, the government functions, political participation, and culture as well as civil liberties. Many Sub-Saharan and North African political systems are among the least democratic countries in the world. Burundi has the most authoritarian regime in Africa, with a score of **** points, while countries such as Botswana, Cabo Verde, South Africa, Namibia, and Lesotho fell within the "hybrid regimes", with a score ranging from **** points to **** points, meaning that they experience, for example, elections with irregularities, widespread corruption, and harassment of journalists. Democracy and freedom of speech in Sub-Saharan Africa One of the main key indicators of democracy is the ability of individuals to express their opinions freely. African countries varied strongly when it came to freedom of speech, for instance, countries Mauritius, Namibia, and Cabo Verde had high scores in both the democracy index and the civic space openness index in the last years. On the other hand, countries like Djibouti and Equatorial Guinea had relatively low scores in the same indices. Furthermore, in the last few years, several Sub-Saharan African countries faced a huge decline in the freedom index as well, with * out of the ** African countries with the largest decline in the freedom index being from this region. Africa divided: which region had more democracy? North African countries showed poor scores in the democracy index as well. Two-thirds of the countries in this region had a score below * points, indicating authoritarian rule. Even the countries with the highest scores in this region have relatively low scores compared to countries in the Sub-Saharan region.

The Afrobarometer project was designed to assess attitudes toward democracy, governance, economic reform, quality of life, and civil society in several Sub-Saharan African nations, and to track the evolution of such attitudes in those nations over time. This particular survey was concerned with the attitudes and opinions of the citizens of 18 countries: Benin, Botswana, Cape Verde, Ghana, Lesotho, Madagascar, Malawi, Mali, Mozambique, Namibia, Nigeria, Senegal, South Africa, Tanzania, Uganda, Zambia, and Zimbabwe. Respondents in a face-to-face interview were asked to rate their presidents' and the presidents' administration's overall performance, to state the most important issues facing the nation, and to evaluate the effectiveness of certain continental and international institutions. Opinions were gathered on the role of the government in improving the economy, whether corruption existed in local and national government, whether government officials were responsive to problems of the general population, and whether local government officials, the police, the courts, the overall criminal justice system, the media, the National Electoral Commission, and the government broadcasting service could be trusted. Respondents were polled on their knowledge of the government, including the identification of government officials, their level of personal involvement in political, governmental, and community affairs, their participation in national elections, the inclusiveness of the government, and the identification of causes of conflict and resources which may aid in the resolution of conflict. Economic questions addressed the past, present, and future of the country's and the respondent's economic condition, and whether great income disparities were fair. Societal questions were asked of respondents concerning the meaning of being "poor" and "rich", monetary support systems, personal responsibility for success or failure, characteristics used in self-identification, methods for securing food, water, schooling, medical services, news and information, the ease of obtaining assistance for certain services, and whether problems existed with school and the local public clinic or hospital. Background variables include age, gender, ethnicity, education, religious affiliation and participation, political party affiliation, language spoken most at home, whether the respondent was the head of household, current and past employment status, whether a close friend or relative had died from AIDS, language used in interview, and type of physical disability, if any. In addition, demographic information pertaining to the interviewer is provided, as well as their response to the interview and observations of the respondent's attitude during the interview and of the interview environment.

Egypt had the most appearances in Africa in the African Cup of Nations. Thirteen countries on the African continent have managed to qualify and play in the various FIFA World Cups taking place throughout history. Cameroon was the most successful national team in Africa. The Indomitable Lions participated in ***** different tournaments in the most prestigious soccer competition globally. Morocco and Nigeria followed, featuring *** times each. Egypt took part ***** times and was the first country to ever qualify in 1934. Furthermore, Morocco achieved the best performance, reaching the semi-final in Qatar 2022.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for PERSONAL INCOME TAX RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Abstract

In an environment where the Bank must demonstrate its impact and value, it is critical that the institution collects and tracks empirical data on how its work is perceived by clients, partners and other stakeholders in our client countries.

In FY 2013, the Country Opinion Survey Program was scaled up in order to: - Annually assess perceptions of the World Bank among key stakeholders in a representative sample of client countries; - Track these opinions over time, representative of: regions, stakeholders, country lending levels, country income/size levels, etc. - Inform strategy and decision making: apply findings to challenges to ensure real time response at several levels: corporate, regional, country - Obtain systematic feedback from stakeholders regarding: - The general environment in their country; - Value of the World Bank in their country; - World Bank's presence (work, relationships, etc.); - World Bank's future role in their country. - Create a feedback loop that allows data to be shared with stakeholders.

Geographic coverage

The data from the 41 country surveys were combined in this review. Although individual countries are not specified, each country was designated as part of a particular region: Africa (AFR), East Asia (EAP), Europe/Central Asia (ECA), Latin America (LAC), Middle East/North Africa (MNA), and South Asia (SAR).

Analysis unit

Client Country

Kind of data

Sample survey data [ssd]

Sampling procedure

In FY 2013 (July 2012 to July 1, 2013), 26,014 stakeholders of the World Bank in 41 different countries were invited to provide their opinions on the Bank's assistance to the country by participating in a country survey. Participants in these surveys were drawn from among senior government officials (from the office of the Prime Minister, President, Minister, Parliamentarian; i.e., elected officials), staff of ministries (employees of ministries, ministerial departments, or implementation agencies, and government officials; i.e., non-elected government officials, and those attached to agencies implementing Bank-supported projects), consultants/contractors working on World Bank-supported projects/programs; project management units (PMUs) overseeing implementation of a project; local government officials or staff, bilateral and multilateral agency staff, private sector organizations, private foundations; the financial sector/private banks; non-government organizations (NGOs, including CBOs), the media, independent government institutions (e.g., regulatory agencies, central banks), trade unions, faith-based groups, members of academia or research institutes, and members of the judiciary.

Mode of data collection

Mail Questionnaire [mail]

Research instrument

The Questionnaire consists of the following sections:

A. General Issues facing a country: Respondents were asked to indicate whether the country is headed in the right direction, what they thought were the top three most important development priorities, and which areas would contribute most to reducing poverty and generating economic growth in the country.

B. Overall Attitudes toward the World Bank: Respondents were asked to rate their familiarity with the World Bank, the Bank's effectiveness in the country, the extent to which the Bank meets the country's needs for knowledge services and financial instruments, and the extent to which the Bank should seek or does seek to influence the global development agenda. Respondents were also asked to rate their agreement with various statements regarding the Bank's work and the extent to which the Bank is an effective development partner. Furthermore, respondents were asked to indicate the sectoral areas on which it would be most productive for the Bank to focus its resources, the Bank's greatest values and greatest weaknesses in its work, the most and least effective instruments in helping to reduce poverty in the country, with which groups the Bank should collaborate more, and to what reasons respondents attributed failed or slow reform efforts.

C. World Bank Effectiveness and Results: Respondents were asked to rate the extent to which the Bank's work helps achieve sustainable development results in the country, and the Bank's level of effectiveness across thirty-five development areas, such as economic growth, public sector governance, basic infrastructure, social protection, and others.

D. The World Bank's Knowledge: Respondents were asked to indicate the areas on which the Bank should focus its research efforts, and to rate the effectiveness and quality of the Bank's knowledge/research, including how significant of a contribution it makes to development results, its technical quality, and the Bank's effectiveness at providing linkage to non-Bank expertise.

E. Working with the World Bank: Respondents were asked to rate their level of agreement with a series of statements regarding working with the Bank, such as the World Bank's "Safeguard Policy" requirements being reasonable, the Bank imposing reasonable conditions on its lending, disbursing funds promptly, and increasing the country's institutional capacity.

F. The Future Role of the World Bank in the country: Respondents were asked to rate how significant a role the Bank should play in the country's development in the near future, and to indicate what the Bank should do to make itself of greater value in the country.

G. Communication and Information Sharing: Respondents were asked to indicate where they get information about economic and social development issues, how they prefer to receive information from the Bank, their access to the Internet, and their usage and evaluation of the Bank's websites. Respondents were asked about their awareness of the Bank's Access to Information policy, past information requests from the Bank, and their level of agreement that they use more data from the World Bank as a result of the Bank's Open Data policy. Respondents were also asked to indicate their level of agreement that they know how to find information from the Bank and that the Bank is responsive to information requests.

H. Background Information: Respondents were asked to indicate their current position, specialization, whether they professionally collaborate with the World Bank, their exposure to the Bank in the country, and their geographic location.

Response rate

A total of 9,279 stakeholders (36% response rate) participated and are part of this review.

Abstract

The World Bank is interested in gauging the views of clients and partners who are either involved in development in Central African Republic (CAR) or who observe activities related to social and economic development. The World Bank Country Assessment Survey is meant to give the World Bank’s team that works in CAR, more in-depth insight into how the Bank’s work is perceived. This is one tool the World Bank uses to assess the views of its critical stakeholders. With this understanding, the World Bank hopes to develop more effective strategies, outreach and programs that support development in CAR. The World Bank commissioned an independent firm to oversee the logistics of this effort in CAR.

The survey was designed to achieve the following objectives: - Assist the World Bank in gaining a better understanding of how stakeholders in CAR perceive the Bank; - Obtain systematic feedback from stakeholders in CAR regarding: · Their views regarding the general environment in CAR; · Their overall attitudes toward the World Bank in CAR; · Overall impressions of the World Bank's effectiveness and results, knowledge and research, and communication and information sharing in CAR; and · Perceptions of the World Bank's future role in CAR. - Use data to help inform the CAR country team's strategy.

Geographic coverage

National

Analysis unit

Stakeholder

Universe

Stakeholders of the World Bank in Central African Republic

Kind of data

Sample survey data [ssd]

Sampling procedure

In March and April 2012, 650 stakeholders of the World Bank in Central African Republic (CAR) were invited to provide their opinions on the Bank's assistance to the country by participating in a country survey. Participants in the survey were drawn from among the office of the President; the office of the Prime Minister; the office of a Minister; the office of a Parliamentarian; employees of a ministry, ministerial department, or implementation agency; consultants/contractors working on World Bank supported projects/programs; project management units (PMUs) overseeing implementation of project; local government officials or staff; bilateral agencies; multilateral agencies; private sector organizations; private foundations; financial sector/private banks; local NGOs; International NGOs; community based organizations; the media; independent government institutions; trade unions; faith-based groups; academia, research institutes or think tanks; and the judiciary branch.

Mode of data collection

Mail Questionnaire [mail]

Research instrument

The Questionnaire consists of 8 Sections:

A. General Issues facing Central African Republic (CAR): Respondents were asked to indicate whether CAR is headed in the right direction, what they thought were the top three most important development priorities, and which areas would contribute most to poverty reduction and economic growth.

B. Overall Attitudes toward the World Bank: Respondents were asked to rate their familiarity with the World Bank, the Bank's effectiveness in CAR, the extent to which the Bank meets CAR's need for knowledge services and financial instruments, the extent to which the Bank should and does seek to influence the global development agenda, their agreement with various statements regarding the Bank's work in CAR, and the extent to which the Bank is an effective development partner. Respondents were also asked to indicate the sectoral areas on which it would be most productive for the Bank to focus its resources, the Bank's greatest values and greatest weaknesses in its work, the Bank instruments that are most and least effective in reducing poverty, with which groups the Bank should work more, and to what reasons respondents attributed failed or slow reform efforts.

C. World Bank Effectiveness and Results: Respondents were asked to rate the extent to which the Bank's work helps achieve sustainable development results in CAR and the Bank's level of effectiveness across forty development areas, such as poverty reduction, anti-corruption, and economic growth.

D. The World Bank's Knowledge: Respondents were asked to indicate the areas on which the Bank should focus its research efforts and to rate the effectiveness and quality of the Bank's knowledge/research, including how significant of a contribution the Bank's knowledge and research make to development results, the technical quality of the Bank's knowledge/ research, and the Bank's effectiveness at providing linkage to non-Bank expertise.

E. Working with the World Bank: Respondents were asked to rate their level of agreement with a series of statements regarding working with the Bank, such as the World Bank safeguard policies requirements being reasonable, working with the World Bank increasing CAR's institutional capacity, and whether the Bank is adequately staffed in CAR.

F. The Future Role of the World Bank in CAR: Respondents were asked to rate how significant a role the Bank should play in CAR's development over the medium term and to indicate what the Bank should do to make itself of greater value in CAR.

G. Communication and Information Sharing: Respondents were asked to indicate where they get information about economic and social development issues, how they prefer to receive information from the Bank, their access to the Internet, and their usage and evaluation of the Bank's website. Respondents were asked about their awareness of the Bank's Access to Information policy, past information requests from the Bank, and their level of agreement that they use more data from the World Bank as a result of the Bank's Open Data policy. Respondents were also asked their level of agreement that they know how to find information from the Bank and that the Bank is responsive to information requests.

H. Background Information: Respondents were asked to indicate their current position, specialization, whether they professionally collaborate with the World Bank, their exposure to the Bank in CAR, and their geographic location.

Response rate

A total of 322 stakeholders participated in the country survey (50%).

Facing heightened levels of political instability and institutional fragility, several sub-Saharan African countries have been responding with innovation policies and entrepreneurship support structures. With little scholarly knowledge on who those entrepreneurs are at an individual level, however, the ability to effectively support innovative new ventures in some of the world's most compromised regions would remain limited. Based on a sample of 232 entrepreneurs, this study attempts to enlighten the relationship between personality characteristics of entrepreneurs and their behaviors and subsequent success. This study thereby extends the entrepreneurship literature applying the Five-Factor Model of Personality to a new context while enriching knowledge on the personality-behavior relationship in entrepreneurship. Several findings and theoretical concepts are synthesized while evaluating new venture success from a behavioral lens among largely innovative, social-driven entrepreneurs in sub-Saharan countries, providing important implications for research, policy, and practice.

Techsalerator’s Import/Export Trade Data for Africa

Techsalerator’s Import/Export Trade Data for Africa offers a thorough and detailed examination of trade activities across the African continent. This extensive dataset provides valuable insights into import and export transactions involving companies throughout Africa, covering a wide range of countries and regions.

Coverage Across All African Countries

The dataset includes comprehensive trade data for all African countries, divided into key regions:

North Africa:

Egypt Libya Mauritania Morocco Algeria Sudan Tunisia East Africa: 8. Burundi 9. Comoros 10. Djibouti 11. Eritrea 12. Ethiopia 13. Kenya 14. Madagascar 15. Malawi 16. Mauritius 17. Rwanda 18. Seychelles 19. Somalia 20. Tanzania 21. Uganda

West Africa: 22. Benin 23. Burkina Faso 24. Cape Verde 25. Ivory Coast (Côte d'Ivoire) 26. Gambia 27. Ghana 28. Guinea 29. Guinea-Bissau 30. Liberia 31. Mali 32. Niger 33. Nigeria 34. Senegal 35. Sierra Leone 36. Togo

Central Africa: 37. Angola 38. Cameroon 39. Central African Republic 40. Chad 41. Congo, Democratic Republic of the 42. Congo, Republic of the 43. Equatorial Guinea 44. Gabon 45. São Tomé and Príncipe

Southern Africa: 46. Botswana 47. Eswatini (Swaziland) 48. Lesotho 49. Namibia 50. South Africa 51. Zimbabwe

Comprehensive Data Features

Transaction Details: The dataset includes detailed information on each trade transaction, such as product descriptions, quantities, values, and dates. This allows for precise tracking and analysis of trade patterns and flows across Africa.

Company Information: It provides specific details about the trading companies involved, including company names, locations, and industry sectors, facilitating targeted market research and competitive analysis.

Categorization: Transactions are categorized by industry sectors, product types, and trade partners, offering insights into market dynamics and sector-specific trends within different regions of Africa.

Trade Trends: Users can analyze historical data to observe trade trends, identify emerging markets, and assess the impact of economic, political, or environmental events on trade activities across the continent.

Geographical Insights: The data provides insights into regional trade flows and cross-border dynamics within Africa and with global trade partners, including major international trade relationships.

Regulatory and Compliance Data: Information on trade regulations, tariffs, and compliance requirements is included, helping businesses navigate the complex regulatory environments across various African countries.

Applications and Benefits

Market Research: Businesses can leverage the data to uncover new market opportunities, analyze competitive landscapes, and understand demand for specific products across different African countries and regions.

Strategic Planning: Companies can use insights from the data to develop effective trade strategies, optimize supply chains, and manage risks associated with international trade in Africa.

Economic Analysis: Analysts and policymakers can monitor economic performance, evaluate trade balances, and make informed decisions on trade policies and economic development initiatives.

Investment Decisions: Investors can assess trade trends and market potentials to make informed decisions about investments in Africa’s diverse and rapidly evolving economies.

Techsalerator’s Import/Export Trade Data for Africa provides a crucial resource for organizations involved in international trade, offering a detailed, reliable, and expansive view of trade activities across the African continent.

The African used car market, valued at approximately $XX million in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 8.65% from 2025 to 2033. This expansion is fueled by several key factors. Rising disposable incomes across several African nations, particularly in rapidly urbanizing areas like Nigeria, Kenya, and South Africa, are driving increased demand for personal transportation. A significant portion of this demand is met by the used car market, offering more affordable options compared to new vehicles. The proliferation of online marketplaces and mobile applications, such as those offered by AutoTrader South Africa, Carzami, and Autochek Africa, has significantly streamlined the buying and selling process, increasing market accessibility and transparency. Furthermore, the increasing presence of organized vendors, offering better quality control and financing options, is further contributing to market growth. However, challenges remain, including inconsistent vehicle quality, lack of standardized vehicle inspection procedures in some regions, and the prevalence of informal, unregulated sales channels which impact overall market standardization and consumer confidence. The market is segmented by vehicle type (hatchbacks, sedans, SUVs, MPVs) and vendor type (organized and unorganized), with significant potential for growth in the organized sector as it addresses consumer concerns and builds trust. The continued expansion of the middle class and technological advancements will continue to propel this dynamic market forward. Understanding the specific regional nuances within the diverse African landscape is crucial for strategic market entry and investment. Specific market penetration strategies will need to address the varying regulatory environments and infrastructure challenges across different African nations. The market's geographic distribution across various African countries highlights significant regional variations. South Africa and Nigeria, with their large populations and relatively developed automotive industries, are expected to remain leading markets. However, strong growth potential exists in other rapidly developing economies like Kenya, Egypt, and Morocco, driven by rising urbanization and increasing disposable incomes within these regions. The success of various players, ranging from established international brands like Al-Futtaim Group and Abdul Latif Jameel Motors to localized online platforms, underscores the diversity and competitiveness of the African used car market. Future growth will depend on continued investment in infrastructure, improvements in vehicle inspection standards, and the ongoing development of transparent and efficient online marketplaces and financing solutions. The ability of the organized sector to gain further market share by offering better quality assurance and financing options will be a key indicator of the market's long-term health and sustainable development. Recent developments include: May 2023: Nigeria-based Cars45 and Jiji signed a new deal with Suzuki. This collaboration aims to revolutionize used car buying and selling by combining the strengths of all three players. Suzuki is utilizing the expertise and resources of Cars45 and Jiji to enhance market growth. Additionally, inspected and verified Suzuki used cars will be showcased on the Cars45 platform., May 2022: Autochek Africa, an online marketplace for new and used cars company based in Nigeria, has acquired Morocco's KIFAL Auto, a leading auto marketplace, for an undisclosed amount, marking the entry of the vehicle marketplace into North Africa and aim to expand Autochek's business in the North Africa region.. Key drivers for this market are: High Cost Associated With the New Cars and Affordability Concerns Drive the Market, Others. Potential restraints include: High Cost Associated With the New Cars and Affordability Concerns Drive the Market, Others. Notable trends are: Increasing Investments by Several Companies is Likely to Strengthen the Demand Trajectory for Used Car Market -.