Namibian vehicles industry started the 2017 with a sharp first quarter fall, losing 18% despite the positive initial expectations on this year. Indeed, market is declining since 2013 and now the economic environment is improved.
Namibia Auto Market 2016 dropped down losing for the second year in a row and after a very positive decade. The pick up segment lost more than the average penalized by weak Toyota, Volkswagen shining in 2nd place.
Namibia vehicles sales fell 8% in first half 2015 albeit still strong economic outlook and country progress in any sector. Mid terms perspectives stand really positive. Toyota Hilux best-selling model.
Namibian Car Market at new all-time again in 2014, with the sixth consecutive growing year in a series fueled by fast growing economy. The competitive arena is dominated by Toyota that in 2014 gained a market share over 40%.
Namibia Vehicle Market hit the all-time record in 2013 pushed by great economic momentum lived by the young country and fast growing economy. Future Outlook stands extremely positive representing great news for Toyota & Volkswagen.