{"id":32026,"date":"2022-06-10T10:54:48","date_gmt":"2022-06-10T08:54:48","guid":{"rendered":"https:\/\/ijg.net\/research\/?p=32026"},"modified":"2022-06-10T12:22:08","modified_gmt":"2022-06-10T10:22:08","slug":"new-vehicle-sales-may-2022","status":"publish","type":"post","link":"https:\/\/ijg.net\/research\/new-vehicle-sales-may-2022\/","title":{"rendered":"New Vehicle Sales \u2013 May 2022"},"content":{"rendered":"\n
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A total of 767 new vehicles were sold in May,\ndown 15.25% m\/m from the 905 vehicles sold in April 2022 and down 2.9% y\/y from\nthe 790 vehicles sold in May 2021. Year-to-date 4,317 new vehicles have been\nsold, of which 2,243 were passenger vehicles, 1,800 light commercial vehicles,\nand 272 medium and heavy commercial vehicles. In comparison, 4,050 new vehicles\nwere sold during the first 5 months of 2021. On a twelve-month cumulative\nbasis, a total of 9,695 new vehicles were sold at the end of May, representing\na 9.0% y\/y increase from the 8,912 new vehicles sold over the comparable period\na year ago.<\/p>\n\n\n\n

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<\/p>\n\n\n\n

402 new passenger vehicles were sold in\nMay, the lowest monthly sales figure so far this year, and down 13.7% from the 466\npassenger vehicles sold in April, but up 12.3% when compared to the 358 sold in\nMay 2021. Year-to-date, 2,243 new passenger vehicles have been sold, an\nincrease of 21.4% from the 1,847 new passenger vehicles sold over the same\nperiod in 2021. On a twelve-month cumulative basis, a total of 4,880 new passenger\nvehicles were sold, up 26.0% y\/y when compared the 3,872 passenger vehicles sold\nover the comparable period last year. Despite being a somewhat weaker month for\nnew passenger vehicle sales, May\u2019s sales figure is not far off the average\nmonthly sales figure for the past 12 months.<\/p>\n\n\n\n

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365 new commercial vehicles were sold in May,\ndown 16.9% m\/m from the 439 commercial vehicles sold in April and down 15.9% y\/y\nwhen compared to the 432 commercial vehicles sold in May 2021. Light commercial\nvehicle sales continue to make up the bulk of the new commercial vehicle sales\nwith 309 sold in May, followed by 47 heavy and extra heavy commercial vehicles and\n9 medium commercial vehicles sold during the month. Light- and medium\ncommercial vehicle sales fell by 21.2% m\/m and 47.1% m\/m, respectively, while heavy\nand extra heavy commercial vehicle sales rose by 56.7% m\/m. On a twelve-month\ncumulative basis, light commercial vehicle sales fell by 6.5% y\/y, while medium\ncommercial vehicle and heavy and extra heavy commercial vehicle sales rose by 0.5%\ny\/y and 12.4% y\/y, respectively. <\/p>\n\n\n\n

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Toyota retained its lead in the new\npassenger vehicle sales segment with 33.0% of the segment sales year-to-date,\ndespite the significant decline in its monthly vehicles sales figure in May following\nthe closure of its plant in KwaZulu-Natal due to flood damage. Volkswagen, with\na 19.8% of the passenger vehicle market share, was second, followed by Kia and\nSuzuki with 8.8% and 7.8% of the market, respectively, leaving the remaining 30.6%\nof the market share to other brands.<\/p>\n\n\n\n

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On a\nyear-to-date basis, Toyota maintained its dominance in the light commercial\nvehicle space with a 54.9% market share despite also recoding significantly\nlower sales in this segment, followed by Nissan with 12.1% of the market. Hino continues\nto lead the medium commercial vehicle segment with 33.9% of sales year-to-date.\nScania retains its position as the leader in the heavy and extra-heavy\ncommercial vehicle segment with 31.6% of the market share year-to-date, an\nincrease from last month.<\/p>\n\n\n\n

The Bottom Line<\/strong><\/a>  <\/em><\/strong><\/p>\n\n\n\n

12-month cumulative new passenger vehicle\nsales continue to increase, rising for the 18th<\/sup> consecutive month, while\n12-month cumulative commercial vehicle sales continue to hover around the 4,800\nlevel, where it has been for the last 14 months. While the month of May has historically been a relatively\nweaker month for new vehicle sales in Namibia, this year\u2019s decline in May was to\nan extent driven by the closure of the Toyota plant in KwaZulu-Natal, as the\nmanufacturer recorded an over 50% decline in sales in all segments when compared\nto its monthly average over the past 12 months. Overall year-to-date new vehicle\nsales are still roughly in line with those of 2021. <\/p>\n","protected":false},"excerpt":{"rendered":"

A total of 767 new vehicles were sold in May, down 15.25% m\/m from the 905 vehicles sold in April 2022 and down 2.9% y\/y from the 790 vehicles sold in May 2021. Year-to-date 4,317 new vehicles have been sold, of which 2,243 were passenger vehicles, 1,800 light commercial vehicles, \u2026 Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,20],"tags":[],"class_list":["post-32026","post","type-post","status-publish","format-standard","hentry","category-economicresearch","category-vehiclesales"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/32026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/comments?post=32026"}],"version-history":[{"count":5,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/32026\/revisions"}],"predecessor-version":[{"id":32038,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/32026\/revisions\/32038"}],"wp:attachment":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/media?parent=32026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/categories?post=32026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/tags?post=32026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}