Toyota captured 50.9% of Namibia’s year-to-date new passenger vehicle market, according to data released by IJG Securities.
Volkswagen followed with a 13.7% share, while Suzuki and Haval recorded 6.6% and 5.6%, respectively.
In the light commercial vehicle segment, Toyota held a dominant 66.4% market share. Ford and Volkswagen trailed with 12.0% and 4.1%, respectively.
“Toyota continues to dominate the new passenger vehicle segment, claiming 50.9% of the year-to-date market sales,” IJG Securities said.
In medium commercial vehicles, Toyota accounted for 33.6% of total sales. Hino and Mercedes-Benz followed closely, each with 24.6%.
Meanwhile, in the heavy and extra-heavy commercial category, Scania led with 36.0%, followed by Hino at 14.6% and Volvo Trucks at 13.8%, revealed the firm.
This comes as new vehicle sales in May fell to 1,011 units, an 18.7% decline from the 1,243 units sold in April. However, year-to-date sales reached 5,657 units, marking a 6.2% increase compared to the same period in 2024.
“Year-to-date new vehicle sales reached 5,657 units, up 6.2% y/y compared to the same period in 2024,” IJG Securities said.
Compared to May 2024, monthly sales rose 4.6% from 967 units. Passenger vehicles accounted for 45.6% of total sales, or 461 units. This represents a 31.2% drop from April’s 670 units and is the lowest figure recorded since September 2024.
Despite the monthly decline, year-to-date passenger vehicle sales increased to 2,731 units, up 14.1% from the 2,393 units recorded in May 2024.
The firm noted that over a twelve-month cumulative period, passenger vehicle sales totalled 6,122 units, reflecting a 3.2% year-on-year increase.
“Year-to-date passenger vehicle sales rose to 2,731 in May – up 14.1% y/y from 2,393 in May 2024 – marking the highest YTD level in nine years,” IJG said.
Commercial vehicle sales totalled 550 units in May, down 4.0% month-on-month but up by 44 units from the 506 sold in May 2024. Year-to-date, commercial vehicle sales reached 2,926 units, a 0.3% decline from the previous year.
On a twelve-month cumulative basis, commercial vehicle sales rose by 1.9% to 7,015 units. Of the units sold in May, 470 were light commercial vehicles, 26 were medium, and 54 were heavy and extra-heavy.
“Despite this slight year-on-year decline, commercial vehicle sales in both May 2024 and May 2025 marked the highest year-to-date levels recorded since May 2019,” IJG Securities said.
Compared to April, light and medium commercial vehicle sales declined, while heavy vehicle sales rose by four units. Year-on-year, light commercial sales increased by 6.3%, medium by 73.3%, and heavy by 10.2%.
Over the twelve-month period, light commercial vehicle sales rose 0.3%, medium rose 36.6%, and heavy commercial vehicle sales increased 5.5%, IJG Securities said.
