Zambian vehicles market improved 18.2% in 2018 with 3.857 units sold. Despite losing 20.8% from the previous year, Toyota was still on top of the market, holding 27.8% of share.
Zambia’s economy was projected to expand by 3.5% compared to 3.4% in 2017. The slight increase in growth reflects strong performance of services (in particular, wholesale and retails, pensions and information and communication) in the second half of 2018. However, faster recovery was undermined by lower crop harvest, the accumulation of new public expenditure arrears and government domestic borrowing at high yields.
Zambia’s new vehicles market in recent years have shown a trend not correlated with official economic index, growing when economy was suffering and falling when economy was recovering.
In 2018 the market hit the fourth consecutive year of growth, 2018, as the new vehicles market ended the year with 3.857 units sold (+18.2%).
In the competitive arena, Toyota held the market crown with 27.8% of share, with over 1.000 units sold.
Tables with sales figures
In the tables below we report sales for Top Brands