Namibia records 5181 new vehicle sales in H1

Namibia recorded 5181 new vehicle sales in the first half of 2022, an increase from 4893 vehicles sold during the same period last year.

According to IJG, of the vehicle sales recorded in the first 6 months, 2668 were passenger vehicles, 2175 light commercial vehicles, and 338 medium and heavy commercial vehicles.

This comes as 866 new vehicles were sold in June, which is 96 more than units sold in May and a 2.7% y/y increase from the 843 vehicles sold in June 2021. 

A total of 427 new passenger vehicles were sold during June, an increase of 5.4% m/m from the 405 sold in May, but a 0.7% y/y decrease from the 430 vehicles sold in June 2021.

A total of 439 new commercial vehicles were sold in June, representing an increase of 20.3% m/m and 6.3% y/y.

“There was a noticeable drop in Toyota’s light commercial vehicle sales in both May and June following the temporary closure of the production plant in KwaZulu-Natal. Despite this, light commercial vehicle sales were still in line with the monthly average for the year as customers switched to other brands who were able to deliver new light commercial vehicles. Medium- and heavy commercial vehicle sales fell 31.6% y/y and 19.0% y/y respectively, while light commercial vehicles sales rose 13.3% y/y,” IJG noted.

Toyota continues to lead the new passenger vehicle sales segment with 31.7% of the segment sales year-to-date, followed by Volkswagen with 20.4% of the market share.

“The two top brands maintained their large gap over the rest of the market with Kia and Suzuki following with 9.0% and 7.8% of the market, respectively, leaving the remaining 31.0% of the market to other brands.”

On a year-to-date basis, Toyota maintained its dominance in the light commercial vehicle space with a 48.8% market share, followed by Nissan with 13.6% of the market.

Hino continues to lead the medium commercial vehicle segment with 29.3% of sales year-to-date, closely followed by Mercedes-Benz with 24.0% of the market share. Scania remained the leader in the heavy and extra-heavy commercial vehicle segment with 33.1% of the market share year-to-date.

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Last modified on Thursday, 14 July 2022 12:29

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