Cape Verde 2020. Market down 23.3% after growing impressively the previous year

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Capo verde car market
The 2019 Buick Regal Avenir

Cape Verde vehicles market falls due to the global pandemic affecting sales. Indeed, Full Year 2020 sales have 567, down 23.3% compared to 2019. Toyota consolidates leadership while Renault (-46.9%) loses 5.3% market share.

Market Trend

The Cape Verde vehicle market has been affected in 2020 by the global COVID-19 pandemic, which impacted sales significantly. 

Cape Verde’s vehicles market has registered a sharp growth during the last year. In 2018 registrations ended at 450 units, while in 2019 the market reported strong growth. Indeed, Full-year sales have been 739 booming 64.2% from the previous year.

Full-Year sales for 2020 have been 567, reporting a 23.3% decrease compared to 2019.

Brand-wise, this year the leader Toyota (+10.7%) gained an impressive 7.9% market share, followed by Renault (-37.6%), which lost 5.3% share. Suzuki (-18.8%) was in the third position and gained 0.7% market share.

The most sold model in the country remains the Toyota Hilux with 50 sales, holding a growing 8.8% market share.