Cape Verde’s Auto market in 2021 drops 11.1% with 504 sales, reporting a double-digit drops in all quarters except for Q2. The new leader Renault shines, gaining a huge 22% market share.
Market Trend
Cape Verde’s car market this year was unable to grow and reported a negative performance all year except for Q2.
Cape Verde’s vehicles market has registered a sharp growth during the last year. In 2018 registrations ended at 450 units, while in 2019 the market reported strong growth. Indeed, Full-year sales have been 739 booming 64.2% from the previous year.
Due to the COVID-19 Pandemic full-Year sales for 2020 have been 567, reporting a decline of 23.3% compared to 2019.
In 2021 the year started quite badly for Cape Verde’s market, in fact, in Q1 126 units have been sold, reporting an 15.4% decrease in sales compared to Q1 2020, while in Q2 sales started growing due to the incredibly low levels of the previous year, reporting a 171.7% increase in sales.
In Q3 sales dropped again 31% with 127 units sold, followed by a 33% drop in Q4 with 126 units.
Indeed, Full-Year sales for 2021 have been 504, reporting a 11.1% decrease compared to 2020.
Brand-wise, this year the new leader Renault (+45.5%) gained an impressive 22% market share, followed by Toyota (-53.1%), which lost 9.4% share. Suzuki (-32.2%) was in the third position and lost 0.9% market share.
The most sold model in the country is the Renault Duster with 106 sales, holding a growing 25.3% market share.
