Gabon’s Auto market in 2021 falls 11.4% with 1,918 sales, reporting a negative performance in all quarters except for Q4. Mitsubishi rises 11.9% but remains far behind Toyota.
Market Trend
Gabon’s car market this year was unable to recover from the pandemic crash of 2020 and reported positive performance only in Q4.
The recent economic crisis generated by the fall of oil prices in the international market hit the new vehicle demand and the market declined in the last 5 years. Indeed, after the record scored in 2013 with 5,735 units, sales declined at a very low 2,013 in 2018.
In 2019, the market managed to react, signing a sign of recovery. Indeed, Full-year sales have been 3,279, surging 13.3% from the previous year.
Due to the COVID-19 Pandemic full-Year sales for 2020 have been 2,165, reporting just a decline of 12.1% compared to 2019.
In 2021 the year started negatively for the Gabon market, in fact, in Q1 480 units have been sold, reporting a 22.5% decrease in sales compared to Q1 2020, and in Q2 sales did not recover effectively, reporting a 7.9% decrease in volume compared to the previous year.
In Q3 sales remained down 16.8% with 477 units sold, while in Q4 sales rose 6.4% with 481 units sold.
Indeed, Full-Year sales for 2021 have been 1,918, reporting a 11.4% decrease compared to 2020.
Brand-wise, this year the leader Toyota (-10%) gained 0.5% market share, followed by Mitsubishi (+11.9%), which gained 2.4% share. Isuzu (+5%) was in the third position and gained 1.7% market share.
The most sold model in the country remains the Toyota Hilux with 336 sales (-11.1%), holding 17.5% market share.
