CHAMWE KAIRA
Namibian car buyers are shifting their focus from luxury and performance to affordability, fuel efficiency, and practicality.
Simonis Storm Securities says this trend is creating space for new brands, especially Chinese manufacturers, to enter the market as some established European brands lose ground.
“This evolution presents new opportunities for local dealerships, financiers, and service providers to adapt their offerings in line with shifting consumer expectations, focusing more on cost-conscious packages, servicing support, and competitive financing models tailored to the growing mid-tier vehicle segment,” Simonis Storm Securities said.
Vehicle sales data for April 2025 show a strong preference for Japanese and German brands. Japanese brands led the passenger vehicle segment, with 772 units sold, making up 62.1% of total sales. Toyota alone sold 683 units, capturing 54.9% of the market.
Toyota’s dominance reflects its reputation for reliability and value. Chinese brands came second, selling 122 units for a 9.8% market share. Haval sold 31 units and maintained a 4% share since 2021. Newer brands like Jaecoo, Omoda, and Jetour each sold between 4 and 7 units.
“These brands are benefitting from attractive pricing, contemporary styling, and increasing dealership support, particularly in after-sales service, positioning them to expand their footprint further.”
American brands sold 66 units, taking 5.3% of the market, with Ford in strong demand. South Korean brands sold 49 units, making up 3.9%, and held their place among value-focused buyers.
German brands, including Volkswagen and Mercedes-Benz, sold 33 units for a 2.65% share. These brands still hold prestige, but affordability concerns are making them less competitive.
In South Africa, new vehicle sales in April 2025 dropped to 38,172 units, down 5.2% from April 2024. Sales also fell 1.3% from March. Consumers are pressured from high interest rates and slow income growth.
The passenger vehicle segment in South Africa recorded 24,174 units sold, a 6.4% year-on-year drop and a 4.3% decline from March. Naamsa says the fall reflects ongoing affordability issues and slower fleet replacement.
