Cameroon’s Auto market in 2022 gained volume after losing 31.2% in 2021, reporting 1,900 new vehicle sales (+4.5%). The market grew nearly every month of the year.
Market Trend and Outlook
Cameroon’s vehicle market in 2022 gained volume after losing 31.2% in 2021, reporting 1,900 new vehicle sales (+4.5%). The market grew nearly every month of the year.
Looking at cumulative data from 2022 brand-wise, the the leader is still Toyota with 60.2% market share and a 9.5% increase in sales from the prior year. Mercedes follows in second, with a 36.8% loss in sales and Isuzu ranks in 3rd with a 2.2% increase in volume and 4.9% market share.
Medium-Term Market Trend
Cameroon’s vehicles sector is still populated by imported used vehicles and is facing a negative trend, as new car registrations have declined during the last 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.
Due to the COVID-19 Pandemic full-Year sales for 2020 have been 2,641, reporting a decline of 19.5% compared to 2019.
Following the pandemic, in 2021 the market lost 31.2% in sales, totaling 1,818 new registrations.