Cameroon 2019. Vehicles market registered a moderate reaction (+4%)

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Cameroon vehicles market
Renault-Koleos-2020

Cameroon vehicles market reported a shy recovery in 2019. Indeed, full-year sales have been 3.279, up 4% from the previous year. Toyota kept dominating – holding over half of the market – with a wide gap over Renault and Nissan, both standing below 250 annual sales.

Cameroon’s economy is diversified, featured with oil and gas, timber, aluminum, agriculture, mining and the service sector. Oil remains Cameroon’s main export commodity, and despite falling global oil prices, still accounts for nearly 40% of exports.

Cameroon’s economy suffers from factors that often impact underdeveloped countries, such as stagnant per capita income, a relatively inequitable distribution of income, a top-heavy civil service, endemic corruption, continuing inefficiencies of a large parastatal system in key sectors, and a generally unfavorable climate for business enterprise.

Despite exogenous shocks and security challenges, Cameroon’s economy grew an estimated 4.1% in 2019 thanks to a dynamic tertiary sector and growth in consumption and investment.

Cameroon’ vehicles sector is still populated by imported used vehicles and is facing a negative trend, as new car registrations has declined by 600 near units during the last 3 years. Indeed, the market fell from 3.752 units in 2016 to 3.116 in 2017, while registering a flat performance in 2018 (+1.2% ) at 3.152.

In 2019, the market reported a shy recovery. Indeed, Full-year sales have been 3.279, up 4% from the previous year.

Brand-wise, Toyota kept dominating with over 50% of the market, followed by Renault and Nissan, both standing below 250 annual sales.

Tables with sales figures

In the tables below we report sales for Top Brands

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