Namibian vehicles industry in the first five months of the 2017 dropped down 32% hit by persistent economic difficulties and low prices of commodities, primary source of export. Toyota is market leader ahead of Volkswagen and Nissan.
Following the all time record hit in the 2014 with over 20.000 units, the Namibian domestic vehicles market declined both in 2015 and 2016 mirroring deteriorated economic environment. Forecast for the 2017 were not positive, due to the still low commodities prices in the international markets and slow GDP growth.
However, the reality is worse than expected, and after the close of Q1 down 18.8%, in the second quarter the market is falling deeper, with Year to Date May total vehicles sales at only 4.972 units, down 31.7%.
Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will report year to date data updated.
|Rank May||Rank 2017||Brand||Sales May||Sales 2017||Var May||Var 2017||Share May||Share 2017|