Vehicle sales are steadily increasing

Martin Endjala Amid financial constraints, the sale of vehicles in Namibia is on a year-on-year upward trajectory. Vehicle sales increased from 872 units in June 2022 to 1,320 in June 2023 which represents an increase of 51.4 percent. According to a Simonis Storm Securities report, in prior months, sales were declining since March 2023, with June’s sales being the first monthly increase in sales since then. Light commercial vehicles drove sales in June 2023, increasing by 74.7 percent from a low base of 375 units to 657 units. At the same time, passenger vehicles accounted for 44 percent of sales…