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Home Companies Trade

Namibia posts strongest first-half vehicle sales since 2019

by reporter
July 18, 2025
in Trade
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Namibia recorded 1,313 new vehicle sales in June 2025, making it the second-best performing month of the year so far and reflecting a 29.9% increase from May and a 32.2% rise compared to June 2024, according to the latest figures from IJG Securities.

Cumulative sales for the first half of 2025 reached 6,970 units, marking a 10.3% year-on-year increase and the highest January-to-June total since 2019.

“June recorded the second-highest number of new vehicle sales for the year, with 1,313 units sold,” IJG said in its monthly vehicle sales report. “This represents a 29.9% month-on-month and 32.2% year-on-year increase.”

Commercial vehicles accounted for 51.6% of total sales in June, with 677 units sold. Passenger vehicles made up the remaining 48.4%, reaching 636 units.

Passenger vehicle sales saw a notable upswing, rising 38% from the previous month and 60.6% compared to the same period last year. “This is well above the ten-year monthly average of 454 units,” IJG noted. “Year-to-date sales in this segment reached 3,367 units, the highest first-half total since 2016.”

Twelve-month cumulative passenger vehicle sales rose 3.9% from May and 10.2% year-on-year, indicating continued demand in the market.

The commercial vehicle segment also posted solid figures. Of the 677 commercial vehicles sold in June, 617 were classified as light, 24 as medium, and 36 as heavy or extra-heavy.

Sales of light commercial vehicles rose, while medium and heavy vehicle sales declined month-on-month by 7.7% and 33.3%, respectively. IJG said the drop in the heavy segment was largely due to a low base effect, representing an actual decrease of just 18 units.

On an annual basis, sales of light and medium commercial vehicles rose by 21% and 14.3%, while heavy vehicle sales dropped 45.5%. Nonetheless, all segments registered growth for the year to date. Total commercial vehicle sales for the first six months stood at 3,603 units, up 13.4% from the same period in 2024.

“Over the twelve-month cumulative period, light commercial vehicle sales grew by 4.5% year-on-year, medium commercial vehicle sales surged by 41.3%, while heavy commercial vehicle sales dipped slightly by 1.8%,” the report stated.

In terms of market share, Toyota continued to dominate. The automaker accounted for 52% of year-to-date passenger vehicle sales, followed by Volkswagen with 15%, and Suzuki and Haval each holding 6%.

In the light commercial vehicle category, Toyota retained a commanding lead with a 72.8% market share, ahead of Ford at 13% and Volkswagen at 4%.

Toyota also led the medium commercial vehicle segment with a 31% share. Hino and Mercedes-Benz followed with 27.8% and 25.3% respectively. In the heavy commercial category, Scania led the pack with 34.6%, followed by Hino at 15.5% and Volvo Trucks at 13.8%.

As of June, Namibia’s twelve-month cumulative vehicle sales stood at 13,457 units, representing a 7.5% increase from the 12,519 units recorded over the same period last year. IJG noted this as the strongest rolling twelve-month figure since March 2020.

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