Toyota dominates passenger vehicle sales

Between January 2022 to October 2022, 4 541 new passenger vehicles were sold, according to IJG Securities. Toyota continues to lead the new passenger vehicle sales with 32.9% of the segment sales year-to-date, followed by Volkswagen with 22.2% of the market share.The two top brands continue to maintain their large gap over the rest of the market, followed by Kia and Suzuki with 9.1% and 7.7% of the market, respectively, leaving the remaining 28.2% to other brands, IJG pointed out.In September 2022, a total of 996 new vehicles were sold, compared to 718 vehicles sold in October 2021.During the review period, 466 new passenger vehicles were sold, of which Toyota accounted for 46.6%.In September 2022, 505 new passenger vehicles were sold, compared to 360 sold in October 2022. On a twelve-month cumulative basis, new passenger vehicle sales have increased by 19.6% year-on-year to 5 282, the highest level since March 2018. Year-to-date, new passenger vehicle sales rose to 4 541, an increase of 21.3% from the 3 743 vehicles sold during the same period last year, IJG added.CommercialMoreover, 530 new commercial vehicles were sold in October, representing an increase of 3.3% month-on-month and 48.5% year-on-year, the highest year-on-year growth rate since May 2021. The year-on-year increase was almost exclusively driven by an increase in light commercial vehicle sales, with medium- and heavy commercial vehicle sales roughly in line with last year.Light commercial vehicles sales rose by 55.9% year-on-year to 460, medium commercial vehicle sales rose by 9.1% year-on-year to 24, and heavy commercial vehicles sales increased by 15.0% year-on-year to 46. On a twelve-month cumulative basis, light commercial vehicle sales increased by 6.4% to 4,449, while medium commercial vehicle sales fell by 1.6% to 186 and heavy commercial vehicles decreased by 9.4% to 500.On a year-to-date basis, Toyota maintained its dominance in the light commercial vehicle space with 47.5% market share, followed by Nissan with 12.0% of the market. Hino continues to lead the medium commercial vehicle segment with 32.7% of sales year-to-date. In the heavy and extra-heavy commercial vehicle market, Scania retained its position as leader with 26.3% market share, IJG said.Overall, year to date, 8 928 new vehicles have been sold.-phillep@nmh.com.na

Toyota dominates passenger vehicle sales

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Namibian Sun 2025-11-05

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Toyota dominates passenger vehicle sales

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Namibian Sun 2025-11-05

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