Ethiopia Auto sales fell down a sharp 38% in 2018. Indeed, Full-year registrations have been 2.034. Toyota led the ranking with 19.5% of market share, ahead of Isuzu and Lifan.
Economic Environment
Ethiopia remains mired in a political crisis following the resignation of Prime Minister Hailemariam Desalegn in February. A new leader has yet to be named by the ruling coalition, and anti-government demonstrations and outbreaks of violence continued in recent weeks, despite a state of emergency being declared.
The new prime minister will need to focus on calming political and ethnic tensions, as well as ensuring cohesion within the ruling coalition for smooth policymaking. Economic momentum, however, is unlikely to be derailed by the current political uncertainty, and the incoming leader will inherit one of Sub-Saharan Africa’s fastest growing economies, supported by a robust infrastructure investment program.
Ethiopia is the second most populous country in Africa after Nigeria with 90 million people and still strong population growing index.
Market Trend
Ethiopian vehicles market in recent years has been revitalized by the presence of several small local assembly plants, built by Chines BYD, FAW, Lifan, Sinotruck and Geely, plus Toyota and, since 2017, Kia.
Despite still positive economic environment, the Ethiopian market in recent years has deteriorated, dropping from near 4.000 units in 2015 to 3.282 in 2017.
In 2018, the market has lost 38%, ending at 2.034 units.
At brand-wise, the market leader was Toyota 19.5% of market share, ahead of Isuzu and Lifan.
Tables with sales figures
In the tables below we report sales for Top Brands
