Fiji. Auto sales down 23.8% in 2019

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Fiji Cars market
Toyota-Camry_TRD-2020

Fiji vehicles market is the biggest in the Pacific Ocean region, consistently increasing in recent years. However, after hitting the all-time record in 2018, the market fell sharply down in 2019. Indeed, the Full-year ended with sales at 3.510, down 23.8%, while Toyota kept dominating with 27.2%, despite declining by 42.7%.

Fiji is an archipelago of more than 330 islands, of which 110 are permanently inhabited, and more than 500 islets, amounting to a total land area of about 18,300 square kilometres. The farthest island is Ono-i-Lau. The two major islands, Viti Levu and Vanua Levu, account for 87% of the total population of 898,760.  Fiji has one of the most developed economies in the Pacific due to an abundance of forest, mineral, and fish resources. Today, the main sources of foreign exchange are its tourist industry and sugar exports.

The automotive sector is well-developed and recent data estimate that around one out every ten people actually owns a car. In the 2015, the country crossed the 100,000 circulating vehicles, according to data released by the local Land Transport Authority which recorded a total of 103.415 registered vehicles running on our roads — 72.543 of which were privately owned while 11.246 were Public Service Vehicles (PSV).

Indeed, in recent years the market has constantly grown with 2017 ended at a record of 3.803 vehicles sold, up 11.0% from the previous year. In 2018, sales kept increasing (+20.1%) with an impressive pace, signing the new All-Time record.

However, in 2019 the market dropped down sharply. Indeed, the Full-year ended with sales at 3.510, down 23.8% from the previous year.

Brand-wise, despite reporting the worst market’s performance, Toyota kept dominating the ranking with 27.2% of share, while losing 42.7% from 2018. Behind, also Hyundai and Isuzu ended the year respectively at 17.4% and 15.5%.

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