Namibia 2015. Cars Sales at the second best level

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Namibia Cars Sales in 2015 at the second best volume, down 8% from the record hit in 2014. Toyota dominates ahead of Volkswagen and Nissan while the Toyota Hilux hit a huge 36% of market share.

Economic Outlook

Namibia held off the global economic slowdown, posting growth rates above 5% since 2010. Recovery remains on course despite the winding down of official fiscal stimulus measures. Gross domestic product (GDP) growth accelerated to 5.3% in 2014 from 5.1% in 2013 with robust construction activity and high consumer demand.

Growth is expected to improve to 5.6% in 2015 and 6.4% in 2016 as external demand improves and new mines start production and exporting. Tight monetary policy has kept consumer price index (CPI) inflation within the target range of 3% to 6%.

Namibia has made progress reducing geographical income disparities despite its largely arid climate, extremely low population density and a dual economy where a highly productive capital-intensive mining sector operates alongside an agriculture sector that is of low productivity but a major employer. Thanks to the government’s Vision 2030 and national development plans, Namibia has seen a 40% reduction in poverty between 1993/94 and 2009/10 with the biggest improvement in rural areas.

Market Outlook

According to data release by the National Association of Automobile Manufacturers of South Africa (NAAMSA), in the full year 2015 the total new vehicle sold in Namibia had been 20.174, down 8.3% from the previous year. However it was the second best sales year ever, after the record hit in the 2014 and should be considered a good base for further increase in the near future.

Car passenger’s sold had been 9.035 (-25.4%) while Light commercial vehicles 10.989 (-5.3%), Medium Commercial Vehicles 392 (-34.2%) and Heavy Commercial 830 (+46.9%).

Toyota was market leader selling 8.178 vehicles (-7.3%) with 40.5% of market share. In second place Volkswagen with 2.169 sales (-27.7%) followed by Nissan with 1.937 (-32.7%).

The Toyota Hilux was the best-selling vehicles with 4.259 sales, dominating the market with a huge 36.8% of market share.

In second place the Ford Ranger with 1.093 sales and in third the Nissan Hardbody with 1.013.

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will report year to date data updated.

Rank 2015Rank 2014Brand201520142015 VarShare 2015

Rank 2015Rank 2014ModelSales 2015Sales 2014Var 2015Share 2015Share 2014
11Toyota Hilux4.2594.368-2,5%36,8%35,2%
22Ford Ranger1.0931.0920,1%9,4%8,8%
34Nissan Hardbody1.0139605,5%8,7%7,7%
48Toyota Corolla74754038,3%6,4%4,4%
53Toyota Etios6341.032-38,6%5,5%8,3%
66Isuzu KB560624-10,3%4,8%5,0%
77Volkswagen Polo497612-18,8%4,3%4,9%
85Nissan NP200480648-25,9%4,1%5,2%
99Volkswagen Jetta450504-10,7%3,9%4,1%
1010Toyota RAV4440468-6,0%3,8%3,8%