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Flash Reports

Ghana 2017. Vehicles sales boomed 33%

Ghanaian vehicles market Nissan-Navara_EnGuard_Concept-2016

Ghanaian vehicles market in the 2017 benefit both from the economic recovery and by the introduction of a recent law limiting the import of used vehicles. Market boomed 33% from the previous year. Nissan was market leader again.

Ghana economy is expected to have kicked into a higher gear in 2017 following a sluggish performance in the previous year. The acceleration was likely driven by increased prices for key commodity exports. In addition, domestic demand is expected to have surged amid a strong rebound in investment and easing inflationary pressures.

Ghanaian vehicles market was changed by the introduction of more severe restriction on used vehicles import boosting the demand for the new vehicles. Indeed the market hit the all time record in the 2013 with 11.788 units before to drop down at only 5.347 two years after, when the market was hit by the effects of economic recession. A recovery is in place, since new vehicles import law (mid 2016) and in the 2017 sales have been 9.150, up a huge 33% from the previous year.

  Sales 2012 Sales 2013 Sales 2014 Sales 2015 Sales 2016 Sales 2017 Sales 2018 e
Car+LCV 10.548 11.788 10.331 5.347 6.882 9.150 10.070
  2012 Var 2013 Var 2014 Var 2015 Var 2016 Var 2017 Var 2018 var e
Car+LCV 17,2% 11,8% -12,4% -48,2% 28,7% 33,0% 10,1%

Brand-wise, the market leader was Nissan with 2.138 sales (+29.7%) followed by Toyota with 1.745 (+82.3%) and Mitsubishi with 969 (+57.6%).

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 2025. 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 Ghana Store

 

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