Consumer Trends

New data shows that vehicle sales increased by 17% in 2023 to 12,775 units compared to 10,919 units sold in 2022. This marks the highest total of new vehicles sold in the country since 2017. December 2023 witnessed a downturn, with a year-on-year decline of 11.7% and a month-on-month drop of 28.2%, totaling 841 units. Halleluya Ndimulunde from Simonis and Storm has more.