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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Vehicle Sales

9 Results / Page 1 of 1

Background
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Business / Economics

Strong finish for vehicle sales in December 2024

  December 2024 wrapped up on a positive note for Namibia’s automotive sector, with local vehicle sales reaching 1,100 units. This represents an impressive 30.8% year-on-year increase from the 841 vehicles sold in December 2023. The market also demonstrated stability, with a slight 0.6% month-on-month rise from November 2024, showing consistent demand despite the seasonal fluctuations typically seen at year-end. Simonis and Storm economist Almandro Jansen provides further insight into […]

today31 January, 2025 39 12 2

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Local

Bank Windhoek’s Selekt Sales Awards Celebrate Excellence in Vehicle Financing

  Fostering a sense of community and collaboration within the vehicle financing industry, Bank Windhoek hosted a night of celebration and recognition for the hard work and achievements of salespersons and car dealerships in central Namibia. Bank Windhoek’s annual Vehicle and Asset Finance (VAF) Selekt Sales Awards took place on Thursday, 31 October 2024, in Windhoek. In its previous financial year, Bank Windhoek financed over 2000 personal and commercial vehicles […]

today4 November, 2024 15

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Business / Economics

September Vehicle Sales Drop As Rental Purchases Plummet

Vehicle sales in September reached 988 units, continuing a two-month decline. Out of these, 978 were sold to dealerships, 10 to rental agencies, and none to the government. Rental agency purchases saw a sharp drop, falling from 141 units in July to just 10 in September. The overall market was mainly sustained by sales in the commercial vehicle segment. Simonis Storm Economist: Almandro Jansen:  

today17 October, 2024 28

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Business / Economics

May vehicle sales increase by 7.5%

Vehicle sales reached 966 units in May, marking a 7.5% month-on-month increase from the 899 units sold in April 2024. However, this figure represents a slight decline compared to the 982 units sold in May 2023. Commercial vehicles continue to drive sales in the market, according to Simonis Storm Economist, Halleluya Ndimulunde.

today17 June, 2024 48

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Namibia

Vehicle Sales Plummet in April 2024, Marking Year’s Lowest Figures

In April 2024, vehicle sales plummeted to 899 units, down from 1,451 units in March and 1,004 units in April last year, representing a negative growth rate of 38.0% month-on-month and 10.5% year-on-year. The decline, driven primarily by commercial vehicles, was the lowest monthly sales recorded this year. Simonis Storm Economist, Halleluya Ndimulunde.  

today21 May, 2024 63

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Namibia

Vehicle sales increase by 17% in 2023

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.

today22 January, 2024 68