Angola 2015. Auto market lost half of volume


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.

Economic Outlook

The Angolan economy shows no sign of improvement amid subdued commodities prices. The government held talks with the World Bank in January to secure a USD 450 million loan, which could be available by June. In response to dwindling supply of U.S. dollars, the Central Bank has limited its supply only to strategic sectors of the economy, such as oil and health.

However, limited USD supply has led to a booming parallel market for foreign currencies in which the kwanza trades with a premium of more than 130% the official rate. Against this backdrop, credit rating agency Standard & Poor’s (S&P) downgraded Angola’s credit rating from B+ to B. S&P pointed out that Angolan public debt is projected to increase following multiple currency devaluations and accruing foreign and domestic loans.

The agency also noted that it expects that external financing needs will reach USD 31 billion for this year and next.

Market Outlook

Following sixth years of records, the Angolan automotive industry in the 2015 was fully involved in the economic crisis that has embraced the country mainly for falling commodities prices in the international markets.

The market, one of the more interesting in the African continent, in the 2015 reported a real collapse with volume fallen by the half at 20.226 units (-50.1%) and with the second half losing over 60%. the 2015 was the lowest year in the last sixth.

Despite losing 61.7%, Suzuki was again the market leader with 3.869 sales and 19.1% of market share.

Toyota gained 4 spots to advance in second place with 3.071 units (-11.2%) while Chevrolet was third with 2.386 sales (-34.2%), up 2 spots from the previous year.

Remarkable the performance of Land Rover, jumped 307% at 856 sales joining the top 10 brands.

As far as the best-selling models, the ranking was led by the Suzuki Alto with 1.928 sales (-48.9%) followed by a new model, the Chevrolet N300, a commercial vehicle registered in 1.464 units. Third was the Kia Picanto with 914 sales (-23.1%).

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 2020.

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 Angola Store

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.

Rank 2015Rank 2014Brand201520142015 VarShare 2015
917Land Rover856210307,6%4,2%

Rank 2015Rank 2014ModelSales 2015Sales 20142015 VarShare 2015Share 2014
11Suzuki Alto1.9283.774-48,9%9,5%9,3%
249Chevrolet N3001.4641321009,1%7,2%0,3%
310Kia Picanto9141.188-23,1%4,5%2,9%
454Toyota Hiace76884814,3%3,8%0,2%
595Hyundai Grand i10690-3,4%0,0%
69Toyota Hilux6521.236-47,2%3,2%3,1%
715Renault Sandero617792-22,1%3,1%2,0%
817Nissan Hardbody583660-11,7%2,9%1,6%
912Renault Duster5731.140-49,7%2,8%2,8%
1011Suzuki Jimny5341.142-53,2%2,6%2,8%