Malawi car market smallest worldwide
New vehicles sales in Malawi were recorded at 1,663 units in 2015 making the country the smallest market for vehicles in the world, according to a recent research report by an international vehicle sales website Focus2Move.
The report released this week, however, shows that new vehicle sales in Malawi increased by 4.8 percent in 2015 and that Malawi is dominated by pick-ups, and Toyota is leader handling over the half of total market.
Quoting data from Malawi’s Association of Car Importers, Focus2Move says in 2015 Toyota sold 862 vehicles or 51.8 percent of total market followed by Ford, thanks to the pick-up Ranger, with 227 sales while the third was Nissan, with 166 units.
Stansfield Motors Malawi general manager, Michael Khomani recently estimated Malawi’s truck vehicle market at about 100 or 150 units a year but said there was great potential in the country, especially with projected medium term growth in telecommunications, sugar and agriculture as well as the petroleum industry.
“And we know that with the hardships in our economy, some customers have resorted to buying used trucks,” said Khomani.
Malawi’s car market is dominated by second-hand imported vehicles according to recent data from the Directorate of Road Traffic and Safety Services (DRTSS) indicating that about 3,000 used cars enter the country annually.
