Papua New Guinea 2017. Auto sales down for the third year in a row

172
Papua New Guinea vehicles
Isuzu-D-Max-2017

Papua New Guinea vehicles market in the 2017 declined for the third year in a row mirroring the current difficulties of the South Pacific country to emerge from economic crisis. Toyota is market leader with 50% of share.

Papua New Guinea, in the southwestern Pacific, encompasses the eastern half of New Guinea and its offshore islands. A country of immense cultural and biological diversity, it’s known for its beaches and coral reefs. Inland are active volcanoes, granite Mt. Wilhelm, dense rainforest and hiking routes like the Kokoda Trail. There are also traditional tribal villages, many with their own languages. It is a Constitutional Monarchy since the independence from Australia (1975) as Commonwealth member.

Papua New Guinea vehicles market ranks over the World’s 100 position in the 2017. In recent years the highest volume of sales was reached in the 2014 with 8.341 units, before to decline for three years in a row, landing at 5.575 units in the 2017.

Sales 2012Sales 2013Sales 2014Sales 2015Sales 2016Sales 2017Sales 2018 e
Car+LCV6.7447.2248.0317.7005.3945.3465.613
HCV252264310330218229240
Total6.9967.4888.3418.0305.6125.5755.854
2012 Var2013 Var2014 Var2015 Var2016 Var2017 Var2018 var e
Car+LCV-34,2%7,1%11,2%-4,1%-29,9%-0,9%5,0%
HCV-37,3%4,8%17,4%6,5%-33,9%5,0%5,0%
Total-34,3%7,0%11,4%-3,7%-30,1%-0,7%5,0%

With over 50% of market share, Toyota is the market leader. Sales in the 2017 have been 2.875 (-1.3%) keeping the wide gap over the followers, Isuzu and Nissan overall.