Namibia’s new vehicle sales climbed to 13,364 units year to date, representing a 14.1% increase compared with the same period last year, according to IJG Securities.
IJG said this is the highest level recorded by the end of November since 2018, with passenger vehicle sales also reaching their strongest point since 2016.
“The twelve-month cumulative total rose by 15.5% year on year to 14,464 units. While this remains below the 2016 peak of 22,646 units, it is the highest level since January 2019 and continues to reflect steady growth,” the firm said.
Toyota maintained its dominant position across the new passenger vehicle, light commercial vehicle and medium commercial vehicle segments, capturing 52.9%, 73.7% and 31.4% of year-to-date sales respectively.
Volkswagen ranked second in the passenger vehicle segment with a 13.6% market share, while Ford secured 11.6% of the light commercial vehicle segment.
In the medium commercial vehicle segment, Mercedes-Benz placed second with a 25.7% market share, followed by Hino at 23.6%.
Scania recorded the largest share of year-to-date sales in the heavy and extra-heavy commercial vehicle segment, accounting for 26.3% of the market, followed by Volvo Trucks with 14.6%.
A total of 1,244 new vehicles were sold in November, representing a 1.8% month-on-month decline from the 1,267 units sold in October, but a 13.8% year-on-year increase from the 1,093 vehicles sold in November 2024.
IJG noted that commercial vehicles accounted for 59.0% of November sales, with 734 units sold, while passenger vehicles made up the remaining 510 units.
“Year to date, 13,364 new vehicles have been sold, reflecting a 14.1% year-on-year increase from the 11,708 units sold over the same period last year. On a twelve-month cumulative basis, new vehicle sales rose by 15.5% year on year to 14,464 units,” IJG said.
Passenger vehicle sales in November stood at 510 units, down by 42 units or 7.6% from the 552 vehicles sold in October.
Year-to-date passenger vehicle sales totalled 6,183 units, marking a 17.3% year-on-year increase from the 5,272 vehicles sold in the same period in 2024, and the highest year-to-date figure at the end of November since 2016.
Over the cumulative twelve-month period, passenger vehicle sales reached 6,695 units, up 17.9% from the 5,679 units sold over the same period in 2024.
New commercial vehicle sales rose by 19 units or 2.7% month on month to 734 units in November. On an annual basis, sales increased by 31.3% from the 559 units sold in November 2024.
“Year-to-date commercial vehicle sales increased by 11.6% year on year to 7,181 units, which is 745 units more than the 6,436 vehicles sold over the corresponding period last year and the highest year-to-date level at the end of November since 2018,” IJG said.
Of the total commercial vehicles sold in November, 646 were light commercial vehicles, reflecting a 2.2% month-on-month increase and a 33.5% year-on-year rise.
Medium commercial vehicle sales totalled 24 units, an 11.1% decline from the 27 units sold in the previous month, while heavy commercial vehicle sales reached 64 units, marking a 14.3% month-on-month increase.
