Madagascar 2019. Auto sales down 5.1% while Toyota held 21%

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Madagascar car market
Renault-Captur-2020

Madagascar Car Sales signed the second consecutive year of decline in 2019. Indeed, Full-year sales have been 1.894, down 5.1% from the previous year. Toyota kept the crown with 21% of the market share, just a few units ahead of Renault.

Madagascar is a mostly unregulated economy with many untapped natural resources, but no capital markets, a weak judicial system, poorly enforced contracts, and rampant government corruption.

The country faces challenges to improve education, healthcare, and the environment to boost long-term economic growth. Agriculture, including fishing and forestry, is a mainstay of the economy, accounting for more than one-fourth of GDP and employing roughly 80% of the population.

Madagascar’s vehicles market has been characterized by an unstable trend in recent year. Indeed, after being hit by a large drop in 2016 the market immediately recovered, bouncing back in 2017 at 2.126 units. However, in the following years registrations started declining, and in 2018 fell 6.2% at 1.995 units.

In 2019, signed the second consecutive year of decline. Indeed, Full-year sales have been 1.894, down 5.1% from the previous year.

Brand-wise, Toyota kept the crown with 21% of the market share, just a few units ahead of Renault. Ford took the third place, followed by Nissan and Mitsubishi, all detaining less than 10% of share.

Tables with sales figures

In the tables below we report sales for Top Brands

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