Angola new vehicles registrations collapsed in the first half 2016 hit by the huge economic crisis generated by the persistent low oil price. Fiat landed in the market gaining the second place.
Dwindling oil revenues have severely affected the public and external accounts, while government debt has surged on the back of increased borrowing costs. In addition, lower oil earnings have translated into a plunge of foreign currency inflows and prompted the Central Bank to devaluate the kwanza against the U.S. dollar multiple times.
The weak currency has been hampering economic performance in import-dependent sectors and prompting inflation to soar.
The Angola’s vehicles market remained mired in a deep recession throughout the first semester of the 2016. The sales volume collapsed losing almost the half of the volume, compared with the previous year.
Indeed, according to data reported by ACETRO, the local Association of Car Manufacturers, in the first half of the 2016 the total vehicles sold had been 5.654, decreased 56.5%.
Toyota was the new market leader despite the only 921 units sold (-51.7%) keeping a share of 16.3%.
The great surprise was the arrival of Fiat landed already in second place with 735 units, ahead of Hyundai with 635 (-50.0%), Ford with 578 (-15.2%) and Suzuki 509 (-82.9%).
Research, Consulting, Data & Forecast Store
F2M covers intensively this market with several products developed to help any investigation required.
Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2020.
Auto Data in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end.
All these and more within our Angola Store
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 always have the year to date data updated.
|Rank June||Rank H1 2016||Brand||Sales June||Sales H1 2016||Var June||Var H1 2016||Share June||Share H1 2016|