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Photo MotorPress

A total of 1094 new vehicles sold in August

Slow down
Toyota retained its lead in the new passenger vehicle sales segment.
Phillepus Uusiku
A total of 1 094 new vehicles were sold in August, a decline of 13.2% month-on-month from the 1260 sold in July, but 4.0% more than the 1 052 sold in August 2022, according to IJG Securities.

Year-to-date, 8794 new vehicles have been sold, of which 4299 were passenger vehicles, 3956 were light commercial vehicles, and 539 medium- and heavy commercial vehicles. In comparison, 6914 new vehicles were sold by August 2022. On a 12-month cumulative, a total of 12803 new vehicles were sold at the end of August, representing a 29.5% year-on-year increase from the 9 887 sold over the comparable period a year ago.

Looking at categories, 502 new passenger vehicles were sold during August, 136 fewer than in July, although it is worth noting that July’s new passenger sales figure was the highest since March 2017. 4 299 new passenger vehicles have been sold year-to-date, 20.4% more than at the same point last year. On a twelve-month cumulative basis, new passenger vehicle sales rose to 6303, up 24.8% year-on-year from the 5051 sold over the corresponding period a year ago. Thus, while new passenger vehicle sales dipped below the 2023 monthly average, the longer-term trends remain strongly positive, IJG pointed out.

New commercial vehicle sales totalled 592 in August, a decline of 4.8% month-on-month but 10.7% more than in August 2022, and above the 592-unit monthly average we have witnessed so far this year. Light commercial vehicle sales rose by 7.9% year-on-year, medium commercial fell by 22.2% year-on-year and heavy commercial vehicle sales rose by 49.0% year-on-year, with the latter logging the highest monthly sales figure since August 2018. On a twelve-month cumulative basis, light commercial vehicle sales are up 37.3% year-on-year, medium commercial vehicle sales are up 46.9% year-on-year and heavy commercial vehicle sales are up 7.0% over the corresponding period a year ago.

Market share

Toyota retained its lead in the new passenger vehicle sales segment, claiming 43.8% of the sales year-to-date, followed by Volkswagen with a 17.0% market share.

The two brands maintained their large gap over the rest of the market with Kia and Suzuki following with 8.9% and 4.6% of the market, respectively, leaving the remaining 25.7% of the market to other brands. Toyota also continued to lead the light commercial vehicle segment, claiming 55.3% of the sales year-to-date, followed by Ford with 12.9% of the market share and Isuzu with 7.0%. Mercedes retained the top spot in the medium commercial vehicle segment with 38.2% market share, and Scania continues to lead the heavy- and extra heavy commercial segment with 32.2% of the sales year-to-date, IJG added.

All in all, August was a somewhat weaker month for new vehicle sales as all categories, bar the heavy- and extra heavy commercial vehicle segment, recorded lower sales than in July. However, July was a particularly strong month for new vehicle sales, and the longer-term trends remain positive and are trending around levels last seen in 2017, IJG said.

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Namibian Sun 2024-05-15

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Premier League: Tottenham Hotspur 0 vs 2 Manchester City | Aston Villa 3 vs 3 Liverpool | Manchester United 0 vs 1 Arsenal LaLiga: Girona 0 vs 1 Villarreal | Real Madrid 5 vs 0 Deportivo Alaves | Osasuna 1 vs 1 Mallorca | Barcelona 2 vs 0 Real Sociedad | Real Betis 3 vs 2 Almería | Valencia 0 vs 0 Rayo Vallecano | Atletico Madrid 1 vs 0 Celta Vigo | Cadiz 1 vs 0 Getafe SerieA: Fiorentina 2 vs 1 Monza | Lecce 0 vs 2 Udinese | Atalanta 2 vs 1 AS Roma | Juventus 1 vs 1 Salernitana | Genoa 2 vs 1 Sassuolo | Hellas Verona 1 vs 2 Torino | SS Lazio 2 vs 0 Empoli European Championships Qualifying: West Bromwich Albion 0 vs 0 Southampton | Norwich City 0 vs 0 Leeds United English Championship: West Bromwich Albion 0 vs 0 Southampton | Norwich City 0 vs 0 Leeds United Katima Mulilo: 12° | 30° Rundu: 11° | 29° Eenhana: 14° | 31° Oshakati: 14° | 30° Ruacana: 14° | 30° Tsumeb: 14° | 28° Otjiwarongo: 11° | 26° Omaruru: 14° | 29° Windhoek: 12° | 25° Gobabis: 14° | 25° Henties Bay: 19° | 34° Wind speed: 27km/h, Wind direction: SE, Low tide: 03:18, High tide: 09:17, Low Tide: 15:19, High tide: 22:12 Swakopmund: 19° | 26° Wind speed: 20km/h, Wind direction: SW, Low tide: 03:16, High tide: 09:15, Low Tide: 15:17, High tide: 22:10 Walvis Bay: 23° | 35° Wind speed: 25km/h, Wind direction: SW, Low tide: 03:16, High tide: 09:14, Low Tide: 15:17, High tide: 22:09 Rehoboth: 13° | 26° Mariental: 16° | 28° Keetmanshoop: 19° | 28° Aranos: 15° | 28° Lüderitz: 20° | 36° Ariamsvlei: 19° | 31° Oranjemund: 16° | 29° Luanda: 24° | 28° Gaborone: 15° | 28° Lubumbashi: 11° | 27° Mbabane: 13° | 25° Maseru: 10° | 25° Antananarivo: 14° | 22° Lilongwe: 14° | 27° Maputo: 17° | 28° Windhoek: 12° | 25° Cape Town: 15° | 22° Durban: 17° | 25° Johannesburg: 15° | 24° Dar es Salaam: 23° | 31° Lusaka: 15° | 25° Harare: 12° | 25° Currency: GBP to NAD 23.17 | EUR to NAD 19.91 | CNY to NAD 2.55 | USD to NAD 18.39 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.72 | ZWL to NAD 0.04 | BRL to NAD 3.58 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.94 | USD to AOA 834.06 | USD to BWP 13.56 | USD to EGP 46.79 | USD to KES 129.98 | USD to NGN 1498 | USD to ZAR 18.39 | USD to ZMW 25.6 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78632.56 Down -0.07% | Namibian Stock Exchange (NSX) Overall Index 1710.9 Down -2.52% | Casablanca Stock Exchange (CSE) MASI 13501.46 Down -0.29% | Egyptian Exchange (EGX) 30 Index 25339.77 Down -0.16% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 369.12/OZ UP +0.56% | Copper US$ 5.01/lb UP +2.81% | Zinc US$ 3 032.80/T UP 1.39% | Brent Crude Oil US$ 82.97/BBP DOWN -0.0024 | Platinum US$ 1 045.86/OZ UP +0.20% Sport results: Premier League: Tottenham Hotspur 0 vs 2 Manchester City | Aston Villa 3 vs 3 Liverpool | Manchester United 0 vs 1 Arsenal LaLiga: Girona 0 vs 1 Villarreal | Real Madrid 5 vs 0 Deportivo Alaves | Osasuna 1 vs 1 Mallorca | Barcelona 2 vs 0 Real Sociedad | Real Betis 3 vs 2 Almería | Valencia 0 vs 0 Rayo Vallecano | Atletico Madrid 1 vs 0 Celta Vigo | Cadiz 1 vs 0 Getafe SerieA: Fiorentina 2 vs 1 Monza | Lecce 0 vs 2 Udinese | Atalanta 2 vs 1 AS Roma | Juventus 1 vs 1 Salernitana | Genoa 2 vs 1 Sassuolo | Hellas Verona 1 vs 2 Torino | SS Lazio 2 vs 0 Empoli European Championships Qualifying: West Bromwich Albion 0 vs 0 Southampton | Norwich City 0 vs 0 Leeds United English Championship: West Bromwich Albion 0 vs 0 Southampton | Norwich City 0 vs 0 Leeds United Weather: Katima Mulilo: 12° | 30° Rundu: 11° | 29° Eenhana: 14° | 31° Oshakati: 14° | 30° Ruacana: 14° | 30° Tsumeb: 14° | 28° Otjiwarongo: 11° | 26° Omaruru: 14° | 29° Windhoek: 12° | 25° Gobabis: 14° | 25° Henties Bay: 19° | 34° Wind speed: 27km/h, Wind direction: SE, Low tide: 03:18, High tide: 09:17, Low Tide: 15:19, High tide: 22:12 Swakopmund: 19° | 26° Wind speed: 20km/h, Wind direction: SW, Low tide: 03:16, High tide: 09:15, Low Tide: 15:17, High tide: 22:10 Walvis Bay: 23° | 35° Wind speed: 25km/h, Wind direction: SW, Low tide: 03:16, High tide: 09:14, Low Tide: 15:17, High tide: 22:09 Rehoboth: 13° | 26° Mariental: 16° | 28° Keetmanshoop: 19° | 28° Aranos: 15° | 28° Lüderitz: 20° | 36° Ariamsvlei: 19° | 31° Oranjemund: 16° | 29° Luanda: 24° | 28° Gaborone: 15° | 28° Lubumbashi: 11° | 27° Mbabane: 13° | 25° Maseru: 10° | 25° Antananarivo: 14° | 22° Lilongwe: 14° | 27° Maputo: 17° | 28° Windhoek: 12° | 25° Cape Town: 15° | 22° Durban: 17° | 25° Johannesburg: 15° | 24° Dar es Salaam: 23° | 31° Lusaka: 15° | 25° Harare: 12° | 25° Economic Indicators: Currency: GBP to NAD 23.17 | EUR to NAD 19.91 | CNY to NAD 2.55 | USD to NAD 18.39 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.72 | ZWL to NAD 0.04 | BRL to NAD 3.58 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.94 | USD to AOA 834.06 | USD to BWP 13.56 | USD to EGP 46.79 | USD to KES 129.98 | USD to NGN 1498 | USD to ZAR 18.39 | USD to ZMW 25.6 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78632.56 Down -0.07% | Namibian Stock Exchange (NSX) Overall Index 1710.9 Down -2.52% | Casablanca Stock Exchange (CSE) MASI 13501.46 Down -0.29% | Egyptian Exchange (EGX) 30 Index 25339.77 Down -0.16% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 369.12/OZ UP +0.56% | Copper US$ 5.01/lb UP +2.81% | Zinc US$ 3 032.80/T UP 1.39% | Brent Crude Oil US$ 82.97/BBP DOWN -0.0024 | Platinum US$ 1 045.86/OZ UP +0.20%