New vehicle sales market to remain mute

16 November 2021 | Motors

Simonis Storm Securities; "Local dealerships indicated that vehicle sales would be significantly higher if only stock was available."

Windhoek ∙ [email protected]

Due to global supply constraints, leading to shortage of stock locally, resulted in 714 new vehicles being sold in October 2021, the second lowest monthly sales figures for 2021.

According to IJG Securities, fewer passenger vehicles, light commercial vehicles and heavy commercial vehicles were sold in October than in September. Only the number of medium commercial vehicles sold increased, from 16 in September to 22 in October. Year-to-date, a total of 7 935 new vehicles have been sold. Despite the low monthly sales figure, new vehicle sales increased by 27.3% year-on-year in October.

Three hundred and fifity six new passenger vehicles were sold in October, 24 fewer than in September. This translates to a 6.3% month-on-month decrease, but a 19.5% year-on-year increase. On a 12-month cumulative basis, new passenger vehicle sales have increased by 38.0% year-on-year to 4 414. Despite being a somewhat weaker month for passenger vehicle sales, October’s sale figure is not far off the average monthly sales figure for the past 12 months, IJG pointed out.

Total commercial vehicle sales declined by 7.5% month-on-month but increased by 36.1% year-on-year in October. The biggest month-on-month decline in both absolute number and percentage terms came in the heavy commercial vehicles category. The 41 heavy commercial vehicles sold is 26 fewer than in September, representing a 38.8% month-on-month decrease in sales. Light commercial vehicle sales followed a similar pattern. 295 light commercial vehicle sales in October translates to a 3.0% month-on-month decrease, but 35.9% year-on-year increase in sales. 22 medium commercial vehicles were sold in October, an increase of 37.5% month-on-month and 22.2% year-on-year, IJG said.


According to Simonis Storm Securities, Toyota, Japan’s biggest carmaker, has cut global production for November by as much as 15% between 100 000 and 150 000 cars, where company representatives blame the ongoing global shortage of microchips used in the production of vehicles.

Toyota cut production in September and October as well, with shortages in components dragging car production lower during these months. Component shortages resulted from Covid-19 infections amongst factory staff and lockdown related restrictions in Malaysia and Vietnam which lowered their production.

The company still targets to produce 9 million Toyota cars for the year ending 31 March 2022. Toyota Namibia has seen an increase in its backlog from 300 to 350 vehicles, Simonis Storm said.

“In 2021, Volkswagen celebrated 70 years of production in South Africa, where the first vehicle to roll off the Uitenhage production line was a Beetle in 1951. Similarly, to other brands globally, the manufacturing plant in Uitenhage is experiencing a production backlog, implicating our local dealerships in Namibia. Imports of Volkswagen models are delayed due to the shortage of cargo ships and containers, leading to local dealerships taking a cutback on their allocated orders,” Simonis Storm added.

Market expectations are that constrained supply of new vehicles will remain unchanged until mid-next year. One of the local Volkswagen dealerships has a short supply of most model ranges for both passenger and commercial ranges, resulting in market share loss as some customers opt to take what is available elsewhere and do not want to wait for imports to arrive.

In terms of pricing, Volkswagen has seen price increases every three months between 1.5% to 2% on average in Namibia during 2021. On average, about 40% of Volkswagen vehicle sales are company purchases, 60% being private purchases and about 33% are financed with cash deals, 67% are financed by loans, Simonis Storm said.

Similar News


The Audi Q5, SQ5 Sportback

14 hours ago | Motors

Following the Q3 Sportback and the e-tron Sportback, Audi now presents its third crossover utility vehicle, the first-ever Q5 Sportback. This coupé with dynamic lines...

Specification upgrades for Fortuner

2 weeks ago - 01 January 2022 | Motors

The Toyota Fortuner needs no introduction, as it remains South Africa's most popular SUV.Making consistent appearances at the top of the sales charts, it’s a...

The Toyota Rumion

3 weeks ago - 22 December 2021 | Motors

The Toyota Avanza served as South Africa's first affordable reasonably-sized people mover. Featuring compact dimensions, a simple fuel-efficient engine line-up and seven-seat carrying capacity.The Toyota...

The Corolla Cross-es into a bold new era

4 weeks ago - 17 December 2021 | Motors

Windhoek • Yochanaan Coetzee The Corolla brand has a rich and diverse history spanning 12 generations, and having racked up over 50 million global...

New Lexus LX available in SA next year

1 month - 15 December 2021 | Motors

As the second model of the next generation of Lexus following the NX, Lexus held the world premiere of the new LX in the Kingdom...

iX xDrive40 lights a new path for local EVs

1 month - 09 December 2021 | Motors

Staff reporterThe imposing and bold BMW iX heralds a new age in mobility for the Bavarian carmaker and (somewhat contentiously) also redefines the Sports Activity...

Dakar star launches custom Hilux package

1 month - 07 December 2021 | Motors

South Africa’s Dakar Rally legend, Giniel de Villiers, has introduced a custom package for the popular Toyota Hilux range of double cab bakkies.De Villiers, who...

Elevate with the new 2022 Lexus ES

1 month - 27 November 2021 | Motors

The Lexus ES has enjoyed three decades of success in the mid-size sedan category and is now forging a more ambitious path with its seventh-generation...

Ford's hot new Ranger finally unveiled

1 month - 26 November 2021 | Motors

After months of teasers, Ford has finally revealed its all-new Ranger. By far the most crucial product that Ford produces, and for markets like Southern...

SA’s best-selling passenger car brand

1 month - 24 November 2021 | Motors

In a year that has been adversely affected by the Covid-19 pandemic as well as a global shortage of semi-conductor chips, Volkswagen has remained South...

Latest News

The Audi Q5, SQ5 Sportback

14 hours ago | Motors

Following the Q3 Sportback and the e-tron Sportback, Audi now presents its third crossover utility vehicle, the first-ever Q5 Sportback. This coupé with dynamic lines...

Drones delivering to your doorstep

14 hours ago | Technology

Windhoek • [email protected] Namibia will most likely start using drones to deliver medicine to remote locations within the next few weeks.This comes after a...

More than the absence of...

14 hours ago | Health

Ideally, it is a state of mental well-being in which people cope well with the many stresses of life, can realize their own potential, and...

Suspected avian flu being investigated

2 days ago - 14 January 2022 | Environment

Swakopmund • [email protected] Following a major outbreak of avian influenza in South Africa’s Western Cape a few months ago that killed almost 25 000...

Taxi-tariff guide gives legal footing

2 days ago - 14 January 2022 | Infrastructure

Walvis Bay • [email protected] The recently published taxi-tariff guide by the Namibia Bus and Taxi Association (Nabta) to accompany the official taxi-tariff hike...

Boggelrugwalvis spoel uit

2 days ago - 14 January 2022 | Picture of the day

'n Boggelrugwalvis het gister laatmiddag by Langstrand Uitbreiding 1 tussen Swakopmund en Walvisbaai uitgespoel. Volgens 'n inwoner het die dooie walvis met laegety teen 'n...

Van Walvis tot wêreldklas animasieregisseur

2 days ago - 14 January 2022 | Art and Entertainment

Windhoek ∙ [email protected] Die Namibies gebore Reginald Amukoshi Emvula was een van die regisseurs van die animasiefilm Encanto wat Maandagoggend die Golden Globe-toekenning vir...

Maybe I was wrong –...

2 days ago - 14 January 2022 | Police

Windhoek ∙ Mathias Haufiku Police chief Sebastian Ndeitunga yesterday said he might have acted ‘ultra vires’ when he issued an internal memo to...

Shangula lambasts anti-vaxxers

2 days ago - 14 January 2022 | Ministries

Health and social services minister Kalumbi Shangula has implored vaccine sceptics to abandon the anti-vaccine campaign and to join the nation to successfully fight Covid-19...

Load More