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

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.