Namibia’s new vehicle market recorded 1,535 sales in July 2026, up 16.6% year on year, as Toyota maintained its dominant position across the country’s two largest vehicle segments, according to IJG Securities.
July sales were also marginally higher than the 1,523 units sold in June, increasing by 12 units, or 0.8%.
Cumulative new vehicle sales reached 9,380 units during the first seven months of 2026, up 12.6% from the corresponding period last year and representing the highest year-to-date sales level since 2019.
Passenger vehicles led growth during July, with 755 units sold, an increase of 47 units, or 6.6%, from June and the highest monthly passenger vehicle sales figure since July 2015.
“Passenger vehicle sales increased 24.8% year-on-year in July, while cumulative sales rose 9.4% year-on-year to 4,334 units. The segment narrowed the gap with commercial vehicles to 25 units, compared with a 107-unit difference in June,” IJG said.
Commercial vehicle sales declined 4.3% month on month to 780 units, although sales remained 9.6% higher than in July last year.
Year-to-date commercial vehicle sales reached 5,046 units, representing growth of 15.7% compared with the same period in 2025.
Light commercial vehicles continued to account for the bulk of commercial sales, with 681 units sold in July and 4,358 units during the first seven months of the year, up 14.3% year on year.
Toyota remained the country’s leading vehicle manufacturer, accounting for 50.9% of the year-to-date passenger vehicle market and 66.9% of light commercial vehicle sales.
“Toyota remains firmly in control of the two largest segments, holding just over half the YTD passenger car market (50.9% share) and two-thirds of the light commercial vehicle segment (66.9% share),” IJG said.
Volkswagen ranked second in the passenger vehicle segment with a 14.3% market share, while Chinese vehicle brands continued to increase their presence. Jetour accounted for 6.1% of the market, narrowly ahead of Haval at 6.0%, while Chery held 2.7%.
Toyota also led the medium commercial vehicle segment with a 42.0% market share, followed by Mercedes-Benz at 17.7% and Hino at 17.1%.
Competition was more evenly spread in the heavy commercial vehicle segment, where Powerstar led with a 19.3% market share, followed by Scania at 16.4%.
Shacman increased its share from 11.0% in June to 15.0% in July, moving into third position ahead of Hino at 12.8%.
Heavy commercial vehicle sales increased 2.5% month on month and 22.7% year on year to 81 units in July. Year-to-date sales reached 507 units, representing a 39.3% increase from the corresponding period last year.
Medium commercial vehicles were the only segment to record a year-to-date contraction, with 181 units sold during the first seven months, down 1.1% year on year.
IJG said the latest figures indicate that Namibia’s vehicle market has maintained its momentum despite softer commercial vehicle sales during July.
“The first seven months of 2026 point to a resilient vehicle market, supported by solid underlying demand even as fuel costs and levy changes introduce fresh headwinds into the second half of the year,” IJG said.
