Ivory Coast’s auto market in 2022 remains relatively flat after surging 8.0% in 2021. The market, in fact, totaled 11,513 sales, a 0.2% increase compared to the prior year.
Market Trend and Outlook
Ivory coast’s car market in 2022 remains relatively flat after surging 8.0% in 2021. The market, in fact, totaled 11,513 sales, a 0.2% increase compared to the prior year.
Looking at cumulative data from 2022 brand-wise, this year’s leader remains Toyota up 4.2% with 17.2% market share, followed by Suzuki also up 4.7% with 13.1% market share. Renault despite losing 8.2% maintains 3rd spot in the rankings (10.2% share).
Medium-Term Market Trend
Light vehicles market development was steady in recent years and volume grew up from 7,500 in 2012 to 9,637 in 2018.
In 2019, the market (cars+ LCV) registered another double-digit growth. Indeed, the Full-year ended at 11,597 new vehicle sales, surging 15.9%.
Due to the COVID-19 Pandemic full-Year sales for 2020 have been 10,643 , reporting a decline of 8.2% compared to 2019.
In 2021 the market reversed the trend and rose 8.0% to 11,491 cumulative new vehicle sales.
