Namibian Auto Market kept the negative pace in the 2018 signing the fourth annual decline in a row with 11.863 sales (-11.6%). Toyota lost 8.1% but still holding 42.4% of market share, while Volkswagen widened the gap from Nissan.
Namibian vehicles market continued the fall during the 2017, losing for the third consecutive year. The country is in recession after a prolonged expansion and Outlook is not improving. Toyota is market leader ahead of Volkswagen and Nissan
Namibia Auto Market 2016 dropped down losing for the second year in a row and after a very positive decade. The pick up segment lost more than the average penalized by weak Toyota, Volkswagen shining in 2nd place.
Namibia Vehicle Market hit the all-time record in 2013 pushed by great economic momentum lived by the young country and fast growing economy. Future Outlook stands extremely positive representing great news for Toyota & Volkswagen.