Cape Verde 2022. Renault Falls 46.8% In Vehicle Market Up 19.0%

2017
The 2022 Renault 4Ever Trophy Concept
The 2022 Renault 4Ever Trophy Concept

Cape Verde’s Auto market in 2022 gains volume after falling 25.9% in 2021 and totaled 500 new vehicle sales, a 19.0% increase from the prior year.

Market Trend and Outlook

Cape Verde’s light vehicle market in 2022 gained volume after falling 25.9% in 2021 and totaled 500 new vehicle sales, a 19.0% increase from the prior year. 

Looking at cumulative data from 2022 brand-wise, this year the leader is still Renault with 23.8% market share and a 46.8% loss in sales, followed by Toyota which gained 35.7% in volume and has 23.0% market share. Suzuki ranks in 3rd with a 24.0% increase in new vehicle registrations.

Medium-Term Market Trend

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.

Due to the COVID-19 Pandemic full-Year sales for 2020 have been 567, reporting a decline of 23.3% compared to 2019.

In 2021 the market fell drastically, losing 25.9% in volume and totaling 420 new sales.