Angola Auto Sales 2016 reported the deepest lost ever collapsing by 62 percent and falling at the lowest since 2008, hit by miserable economy performance. Just arrived, Fiat ranked second with the Panda best-selling.
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.
Angola Vehicles Market in 2015 lost half of volume involved in the deepest economic crisis of the last 15 years. Following sixth years of steady growth, the auto market really collapsed resulting one of the worse worldwide.
Angola new vehicles market collapsed in first half 2015 hit by harsh recession that has invested the market as oil price dropped over 50% in the international market. Suzuki market leader, Toyota is shining.
Angola Light Vehicles Market hit the sixth all-time in a row in 2014 keeping a fast growing momentum fueled by country economic development. 2015 is expected up again albeit declined oil price and lower economic growth.s.
In 2013 the car market in Angola reported an increase from the previous year remaining well below expectations and government objectives. Despite a strong GDP increase, the inequal income distribution is curbing consumer's demand and car market potential.