Sleeping Giant: New Vehicle Sales in Africa Jumped a Massive 32% in 2021as it Wakes Up from Covid19 Lull
- Vehicle sales in Africa have clearly started to recover from a disastrous Pandemic hit 2020, where only 856 133 new units were sold in Africa, in comparison to sales of 1 131 249 in 2021
- The recovery welcomed however the 2021 figure is still over 20 000 units below that of the 2019 figure of 1 150 842 sales
- 548 504 were sold in North Africa, and 499 087 were sold within the Southern African Customs Union, with the balance of 83 658 new vehicles being sold in the rest of Sub Saharan Africa
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The African Association of Motor Manufacturers (AAAM), which was founded in 2015, has just released the new vehicle sales volumes as compiled for AAAM by the Africa Automotive Data Network for Africa (AADN).
Sales have clearly started to recover from a disastrous Covid19 Pandemic hit 2020, where only 856 133 new units were sold in Africa, in comparison to sales of 1 131 249 in 2021.
Source: UGC
The recovery welcomed however the 2021 figure is still over 20 000 units below that of the 2019 figure of 1 150 842 sales, Quickpic reports.
These numbers represent total industry sales volumes as reported by manufacturer by market. For Sub Sahara African only, the volumes exclude Heavy commercial Vehicles as these are not reported but estimated by AADN to be less than 5000 units per year.
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Of the 1 131 249 new vehicles sold in 2021, some 548 504 were sold in North Africa, and 499 087 were sold within the Southern African Customs Union, with the balance of 83 658 new vehicles being sold in the rest of Sub Saharan Africa, according to the African Association of Motor Manufacturers.
Whilst new vehicle sales in all North African countries improved in 2021 over 2019 Morocco, Egypt and Tunisa managed to increase their new vehicle market in 2021 over 2020 despite the pandemic with only Algeria and other smaller North African countries showing a decline in new vehicle sales volumes.
New vehicle sales volumes in South Africa improved by 32% in 2021 but were still down by 7% over 2019. In the rest of Sub Sahara Africa sales increased by 15% but were down by some 10% over the 2019 volumes.
David Coffey the CEO of AAAM says:
“The improved new vehicle sales volumes in 2021 are encouraging and shows that the markets are recovering, as life on the continent and many other places in the world is slowly normalising after the COVID pandemic. We believe that this positive trend will continue into 2022 with the reported quarter 1 sales for 2022 some 9% up over 2021 and growth will start to accelerate as more countries in Africa embrace the industrialisation and growth opportunity presented by the continental automotive strategy which could see new vehicle sales reaching 5 million units per year by 2035.”
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There has perhaps never been a time when consumers are searching for affordable private transport as rising interest rates and fuel prices punch holes in South Africans' wallets, Briefly News reports.
Whether you're a first-time buyer or scaling down from a larger car into something more affordable, we have a comprehensive list of the most affordable new cars on sale in South Africa.
The most affordable new car in Mzansi is from the Chinese brand BAIC and it's called the D20. Power comes from a 1,3-litre naturally-aspirated with 75kW and 128N.m mated to a five-speed manual transmission.
Source: Briefly News
