The Brief is an online news portal and going source with a focus on the Namibian business sector, current affairs, companies and financial markets.
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October 03, 2023
Motoring (25)
In the world of real estate sales transactions, the signing of an "offer-to-purchase" (OTP) document is a pivotal moment. However, what happens if you decide to cancel this commitment?
The Motor Vehicle Accident (MVA) Fund says it is conducting a traffic impact assessment for the construction of the country’s first dedicated, specialised trauma and rehabilitation facility in Katutura.
Vehicle sales in Namibia recorded a 13.2% percent decline in August with a total of 1,094 new vehicles sold compared to 1260 sold in July, latest figures show.
Namibia recorded an 86.4% increase in vehicle sales to 1,260 vehicles in July 2023, compared to 676 vehicles sold in July last year, latest data reveals.
Namibia has set ambitious targets to transition to a greener and more sustainable transportation system by aiming to have 96,500 light vehicles converted to battery electric vehicles (BEVs) by the year 2025, a recent study has revealed.
The prices of new vehicles have drastically increased due to inflation and manufacturing issues. This has driven most consumers to opt into buying pre-owned vehicles because they are cheaper.
Namibia experienced a record-breaking surge in passenger vehicle sales during February 2023, according to the latest data.
The government plans to spend around N$210 million to buy new vehicles in a move aimed at increasing operational efficiencies.
The Namibian vehicle market had a promising start in 2023, with 798 units sold in January 2023, compared to 708 in January 2022, representing a year-on-year increase of 12.7%.
International ride-hailing company, Yango, has made its entry into the Namibian market with the launch of its services in Windhoek. This move comes as competition in the local market continues to heat up, with established players such as LEFA, TaxiConnect, InDriver, InterCity, Dial a Cab, and City Cab already operating in the area.
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In 2022, a total of 10,923 vehicle units were sold in Namibia, a 15.9% increase compared to the 9,427 units sold in 2021 and exceeding the 10,415 units sold in 2019.
Namibia sold 996 new vehicles in October, an increase of 38.7% year-on-year from the 718 vehicles sold in October 2021, latest figures from the National Association of Automobile Manufacturers of South Africa (NAAMSA) show.
The Peugeot-Opel assembly plant at Walvis Bay has potential to significantly contribute to Namibia’s economic growth despite low vehicle uptake, the Parliamentary Standing Committee on Economics and Public Administration has said.
Toyota vehicles sales recovered significantly in Namibia following the resumption of production at its KwaZulu Natal plant, latest figures show.