Market Trend and Outlook

Algerian vehicle market in July 2023 booms 104.9% growing for the 3rd month in a row, with new registrations reaching 2,997. YTD figures at 14,243 are up 6.4% from the previous year.

Looking at cumulative data up to July 2023 brand-wise, Dacia ranks in 1st with 3,267 sales (-11.6%), followed by Kia with 2,446 registrations (+38.9%) and Chery with 1,598 units sold (+32.7%).

Seat rises 6 spots into 4th position with 1,328 total sales (+370.9%), in front of Peugeot at 1,138 (+43.1%), Toyota at 731 (+20.6%) and Audi with 530 new vehicle registrations (+35.2%).

BMW rises 3 spots into 8th with 380 sales (+48.4%), followed by Mercedes -up 4 spots- with 363 units sold (+51.9%) and Renault in 10th -down 4 spots- with 351 new registrations (-55.1%).

Looking at specific models the Dacia Sandero maintains leadership despite losing 11.6% in year-on-year sales, followed by the Chery QQ up 11.5%.

Medium-Term Market Trend

The Algerian vehicle market grew from 201,382 in 2010 to 298,043 sales by the end of 2013. In 2014 demand for light vehicles fell substantially for the following 3 years, dropping more than 50% to 99,481 in 2017. The market bounced back in 2018 rising up to 149,858 by the end of 2019.

The Covid-19 restrictions caused the vehicle market in Algeria to collapse 83.1%, down to 25,286 sales, the lowest levels of the previous decade.

In 2021 sales grew up to 30,178. In 2022 demand for light vehicles began to fall again, with the year projected to close around 23k (-22.5%). A combination of factors are behind the current industry struggle: restrictions imposed on light vehicle imports and lack of raw materials world wide, in particular for the production of microchips. Both of these factors have made it more and more expensive to buy a light vehicle in Algeria.

Market Trend and Outlook

Mauritius’s car market in 2022 reported 9,524 sales, a 7.3% increase from the previous year and the second yearly growth in a row.

Looking at cumulative data from 2022 brand-wise, the leader is still Toyota which gained 4.9% in volume, followed by Nissan up 5.4% in new sales. Kia rose 5.4% from the previous year.

Medium-Term Market Trend

Mauritius vehicles market in recent years has been characterized by unstable sales registrations, as after 2015’s decline, it immediately recovered in 2016 breaking the 9,000 units threshold. However, in 2017 the market fell down again 4.2%. In 2018, the market signed a record – soaring 23.1% – with registrations at 10,351.

In 2019, the vehicle market further improved, hitting the new All-time record. Indeed, Full-year registrations have been 10,261, down 0.9% from the previous year.

Due to the COVID-19 Pandemic full-Year sales for 2020 were 7,854, reporting a decline of 23.5% compared to 2019.

Following the pandemic the market recovered 13.9% in sales, with 2021 totaling 8,943 new vehicle registrations.

Market Trend and Outlook

Algerian vehicle market in 2022 totals 25,402 sales, a 22.9% loss from the previous year. In December the market fell for the 10th month in a row, with 2,822 new registrations reported (-1.9%).

Looking at cumulative data from 2022 brand-wise, Dacia maintains 1st with 7,085 sales (-39.2%), followed by previous year’s leader Kia with 3,154 registrations (+48.6%) and Hyundai with 2,897 units sold (-22.6%).

Chery rises 1 spot into 4th position with 2,181 total sales (+33.8%), in front of Renault at 1,565 (-74.2%), Peugeot at 1,451 (+31.2%) and Toyota with 1,042 new vehicle registrations (+23.8%).

Audi falls 1 spots into 8th with 841 sales (-21.1%), followed by Volkswagen -up 2 spots- with 769 units sold (+34.0%) and BMW in 10th with 571 new registrations (-16.3%).

 Market Trend and Outlook

Ivory coast’s car market in 2022 remains relatively flat after surging 8.0% in 2021. The market, in fact, totaled 11,513 sales, a 0.2% increase compared to the prior year.

Looking at cumulative data from 2022 brand-wise, this year’s leader remains  Toyota up 4.2% with 17.2% market share, followed by Suzuki also up 4.7% with 13.1% market share. Renault despite losing 8.2% maintains 3rd spot in the rankings (10.2% share).

Medium-Term Market Trend

 Light vehicles market development was steady in recent years and volume grew up from 7,500 in 2012 to 9,637 in 2018.

In 2019, the market (cars+ LCV) registered another double-digit growth. Indeed, the Full-year ended at 11,597 new vehicle sales, surging 15.9%.

Due to the COVID-19 Pandemic full-Year sales for 2020 have been 10,643 , reporting a decline of 8.2% compared to 2019.

In 2021 the market reversed the trend and rose 8.0% to 11,491 cumulative new vehicle sales.

Madagascar’s Auto market in 2022 remains relatively flat compared to 2021, totaling 1,920 new sales (+0.1%). Renault grows 7.4% in volume while holding 16.6% market share.

Market Trend and Outlook

Madagascar’s car market in 2022 remains relatively flat after gaining 9.6% in 2021. With 1,920 new sales, the market is up 0.1% compared to the previous year.

Looking at cumulative data from 2022 brand-wise, this year’s leader remains Toyota down 2.7% with 26.5% market share, followed by Renault up 7.4% with 16.6% market share. Ford despite losing 2.0% in volume maintains 3rd spot in the ranking.

Medium-Term Market Trend

Madagascar’s vehicle market has been characterized by an unstable trend in recent years. Indeed, after being hit by a large drop in 2016 the market immediately recovered, bouncing back in 2017 to 2,126 units. However, in the following years registrations started declining, and in 2018 fell 6.2% to 1,995 total units sold.

In 2019, signed the second consecutive year of decline. Indeed, Full-year sales have been 1,894, down 5.1% from the previous year.

Due to the COVID-19 Pandemic full-Year sales for 2020 have been 1,751, reporting just a decline of 7.8% compared to 2019.

Following the pandemic Madagascar’s auto market in 2021 grew back 9.7% to 1,919 cumulative new sales.

Market Trend and Outlook

Angola’s car market in 2022 totaled 2,300 new registrations, a 1.1% increase from the prior year. After losing volume in Q1 and Q2 the last half of the year was able to turn the year’s overall trend positive.

Looking at cumulative data from 2022 brand-wise, the leaser is still Toyota with a -3.1% in sales compared to last year, followed by Suzuki also down 3.0% in volume. Hyundai maintains the 3rd spot on the leaderboard, reporting a 1.9% loss in yearly sales.

Medium-Term Market Trend

Despite this country being among the most stable and rich in the entire African continent, the automotive industry is involved in the hardest crisis ever, due to the persistent recession, increased taxation, and increased import of used vehicles.

For all these reasons combined, the domestic market is in free-fall after having hit in 2014 the all-time record with 40,000 units.

However, when in 2015 the price of crude oil in the international market started to deeply fall, to not really recovered, the economy – too depending by the oil industry – entered in a recession and the political restrictive actions have only further hit the economy, killing internal demand for consumers goods. Indeed, in the following years the market lost terrain, falling at just 12,558 units in 2018.

In 2019 the market experienced a double-digit drop. Indeed, the Full-year ended at 11,546 units sold (-8.1%).

Due to the COVID-19 Pandemic full-Year sales for 2020 have been 1,486, reporting a decline of 84.1% compared to 2019.

Following the pandemic, in 2021 sales rose back above the 2k mark hitting 2,276 cumulative sales, a 24.0% increase from the prior year. 

Market Trend and Outlook

Uganda’s car market in 2022 totaled 1,601 new registrations, a 4.1% increase from the previous year. The loss in volume reported in Q1 and Q2 was offset by the strong growth in the last two quarters of the year.

Brand-wise, this year the leader Toyota grew 4.9% in sales compared to the previous one, followed by Nissan in second with a 3.2% surge in auto registrations. Volkswagen maintained 3rd position rising 7.7% in volume this year.

Medium-Term Market Trend

In 2017, total vehicle sales were 2,193 (-8.9%) while in 2018 the market marginally recovered with 2,231 units sold (+2.1%).

The vehicle market hit a new all-time high in 2019 after a tough period, reaching a peak of 2,555 units sold (including HCVs) and soaring 14.5% from the previous year. Indeed, the market is still really limited, representing only a marginal quota on the import of vehicles, and there are no signs of Government actions to limit the import of exhaust and obsolete used-vehicles. Additionally, an improved economic environment is not enough to sustain private consumer demand, considering the very low pro capita income.

Due to the COVID-19 Pandemic sales in 2020 totaled 1,815, reporting a decline of 29% compared to the previous year.

In 2021 sales fell 15.3% to 1,538, while in 2022 the market was able to recover 4.1% in volume and accumulated 1,601 sales.

Indeed, the market is still really limited, representing only a marginal quota on the import of vehicles, and there are no signs of Government actions to limit the import of exhaust and obsolete used-vehicles. Additionally, an improved economic environment is not enough to sustain private consumer demand, considering the very low pro capita income.

 Market Trend

Ivory coast’s car market this year attempted to recover from the pandemic crash of 2020 and reported a promising performance in the first half, followed by another double-digit fall.

 Light vehicles market development was steady in recent years and volume grew up from 7,500 in 2012 to 9,637 in 2018.

In 2019, the market (cars+ LCV) registered another double-digit growth. Indeed, the Full-year ended at 11,597, surging 15.9%.

Due to the COVID-19 Pandemic full-Year sales for 2020 have been 10,643 , reporting a decline of 8.2% compared to 2019.

In 2021 the year started slightly positively for the Ivory Coast market, in fact, in Q1 2,850 units have been sold, reporting an 2.5% increase in sales compared to Q1 2020, and in Q2 sales started growing quickly, reporting a 74.2% increase in sales with 4,703 units sold due to the low sales volume registered in Q2 2020.

In Q3 sales started dropping again significantly (-26.8%) with 1,892 units sold, and in Q4 sales remained down 20.6% with 2,046 units.

Indeed, Full-Year sales for 2021 have been 11,491, reporting a 8% increase compared to 2020.

Brand-wise, this year the leader Toyota (-9.9%) lost 3.2% market share, followed by Suzuki (-2.6%), which lost 1.3% share. Renault (+30.2%) was in the third position and gained 1.9% market share.

The most sold model in the country remains the Toyota Hilux with 1,126 sales, holding 10.1% market share.

Market Trend

Uganda’s car market this year was unable to grow and reported a negative performance all year except for Q2.

In 2017, total vehicle sales have been 2,193 (-8.9%) while in 2018 marginally recovered with 2,231 units sold (+2.1%).

The new vehicle market has hit the record of the decade in 2019 after a tough period. Indeed, the market is still really limited, representing only a marginal quota on the import of vehicles, and there are no signs of Government actions to limit the import of exhaust and obsolete used-vehicles. Additionally, an improved economic environment is not enough to sustain private consumer demand, considering the very low pro capita income. In 2019, they reached a peak of 2,555 units (including HCVs), soaring 14.5% from the previous year, hitting the highest volume of the entire decade.

Due to the COVID-19 Pandemic full-Year sales for 2020 have been 1,815, reporting a decline of 29% compared to 2019.

In 2021 the year started very negatively for the Ugandan market, in fact, in Q1 400 units have been sold, reporting a 31.8% decrease in sales compared to Q1 2020, while in Q2 sales started growing again, reporting a 167.2% increase in sales with 420 units sold.

In Q3 sales remained down 25.4% with 362 units sold, and the trend continued in Q4 when sales were down 39.4% with 356 units.

Indeed, Full-Year sales for 2021 have been 1,538, reporting a 15.3% decrease compared to 2020.

Brand-wise, this year the leader Toyota (-1.1%) gained 7.8% market share, followed by Nissan (-26.9%), which lost 2.8% share. Mitsubishi (-35.5%) was in the third position and lost 2% market share.

The most sold model in the country remains the Toyota Hilux with 311 sales (+2.6%), holding 22.8% market share.

Market Trend and Outlook

Mauritius’s vehicle market in 2021 reported 8,875 sales, a 14.1% increase from 2020. The strong momentum in Q1 and Q2 is responsible for the markets overall uptrend.

Looking at cumulative data from 2022 brand-wise, Toyota which gained 22.2% in volume is the new leader, followed by Nissan up 15.9% in new sales. Kia rose 20.6% from the previous year.

Medium-Term Market Trend

Mauritius vehicles market in recent years has been characterized by unstable sales registrations, as after 2015’s decline, it immediately recovered in 2016 breaking the 9,000 units threshold. However, in 2017 the market fell down again 4.2%. In 2018, the market signed a record – soaring 23.1% – with registrations at 10,351.

In 2019, the vehicle market further improved, hitting the new All-time record. Indeed, Full-year registrations have been 10,261, down 0.9% from the previous year.

Due to the COVID-19 Pandemic full-Year sales for 2020 were 7,854, reporting a decline of 23.5% compared to 2019.

Following the pandemic the market recovered 13.9% in sales, with 2021 totaling 8,943 new vehicle registrations.