Ugandan vehicles market has marginally recovered in 2018. Indeed, Full-year sales have been 2.231 (+2.1%). Toyota was still the market leader with over 40% of share, ahead of Nissan and Tata.
Uganda’s economic activity expanded at the fastest clip since May in October, and indicators for November seem to indicate another solid month. The PMI increased for the 10th consecutive month, signaling ongoing growth in Uganda’s private sector economy. It came mainly on the back of growth in output, new orders and employment. New orders and output are likely to pick up further in the coming months as the political deadlock in Kenya, a crucial trading partner for Uganda, comes to an end. Business confidence also increased in November, but access to credit remained tight.
New vehicles market continues to decline and after the record scored in the 2015, this year will be the second in a row declining. Indeed, the market is still really limited, representing only a marginal quota on the import of vehicles, and there are no signs of Government actions to limit the import of exhaust and obsolete used-vehicles. Additionally, improved economic environment is not enough to sustain private consumer demand, considering the very low pro capita income.
In 2017, total vehicles sales have been 2.193 (-8.9%) while in 2018 marginally recovered with 2.231 units sold (+2.1%).
Market leader was – of course – Toyota with over 40% market share, followed by Nissan and Tata. Mitsubishi has lost terrain in recent years, falling at 5.8% in 2018.
