By: Hertha Ekandjo
Vehicle sales in Namibia for the month of January have soared to their highest levels in eight years, signalling a robust start to the year for the automotive industry.
According to the latest Vehicle Sale Report by Simonis Storms Security (SSS), a total of 950 new vehicles were sold last month, marking a significant uptick from previous years.
This surge represents a 13.0% month-on-month increase from December 2023, where 841 units were sold.
Moreover, it signifies a substantial 17.7% year-on-year growth compared to January of the previous year, which saw 807 units sold.
The positive momentum observed in January has sparked optimism among analysts, who anticipate further improvements in vehicle sales throughout 2024.
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