Ivory Coast Autos sales in 2016 posted the new all time record still fueled by one of best economy in the entire Africa. Vehicles market is now close to the 10.000 units milestone with an almost positive outlook.
Côte d’Ivoire’s economic performance has been impressive over the past four years with a robust GDP growth which resulted in a decline in poverty. The government adopted a new National Development Plan (NDP) for the 2016-2020 period, to follow its previous development plan for 2012-2016, which encompasses major structural reforms to achieve a sustained private sector and inclusive growth. The NDP 2016-2020 aims at achieving an emerging economy status for Côte d’Ivoire in 2020, with a substantially reduced poverty rate.
Côte d’Ivoire’s recent economic growth performance has been strong with unprecedented GDP growth and a controlled fiscal and external balance. There has been a robust recovery of Côte d’Ivoire’s economy in the wake of its 2010 post-elections crisis, with the average real growth rate reaching 8.5% annually between 2012 and 2015. This has been one of the highest rates in Sub-Saharan Africa.
The positive economic outlook helped the development of the new vehicles demand and in the 2016 the industry scored the new all time record with 8.913 sales, up 4.4% from the previous year record. The market is progressively adopting a safe policy reducing the import of obsolete used vehicles in favor on sales of new, low emission, cars.
In the 2016 the market leader was again Toyota but the market has an open competition with several players scoring acceptable level of sales and a relatively low concentration of sales in the top makers.
In fact, Toyota sold 1.702 vehicles (-15.0%) with a market share of 19.1% while the second, Hyundai, sold 1.071 units (-18.6%) with share at 12.0%.
Renault advanced in third with 980 sales (+13.0%) followed by Mitsubishi with 849 (-8.6%).
At model wise, the best-selling was the Toyota Hilux with 686 sales (-24.1%) ahead of the Renault Duster with 453 (+23.1%) and in third the Mitsubishi L200 with 420 (-16.0%).
Research, Consulting, Data & Forecast
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 2022.
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 Ivory Coast Store
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