Namibia’s new vehicle market demonstrated notable resilience in February 2025, with a total of 1 117 units sold, reflecting a 1.4% year on year (y/y) increase compared to the 1 102 units sold in February 2024, according to Almandro Jansen from Simonis Storm.
Month on month (m/m), sales rose by 15.6%, up from 966 units in January 2025.
This aligns with the typical seasonal uplift in vehicle sales during the first quarter, as dealerships restock inventory and consumer sentiment improves after the December spending cycle.
“Historically, February tends to be a slower month for vehicle sales, often falling below the 1 000-unit threshold due to subdued consumer spending following the festive season.
However, over the past three years, February has consistently defied this trend, with sales remaining above the 1 000-unit mark,” says Jansen.
He adds, “This steady improvement suggests that a more accommodative interest rate environment is gradually improving access to credit, which in turn supports demand for big-ticket items like vehicles.
The recent interest rate cuts are likely beginning to impact consumer lending, helping to revive spending on durable goods.”
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