Africa Passenger Car Sales for 2009
In 2009, the African automotive market continued to face challenges due to the global financial crisis that had begun in late 2007. The crisis had a significant impact on economies worldwide, and Africa was no exception. Car sales in Africa were generally subdued, reflecting reduced consumer spending, tightened credit conditions, and overall economic uncertainty. Here’s an overview of the car sales landscape in Africa during that year:
South Africa, being the largest car market in Africa, experienced a decline in car sales in 2009, down a whopping 33%. The economic slowdown resulted in decreased consumer demand, particularly for higher-priced vehicles. Egypt also saw a 22% decline, down to 159k cars sold, while Algeria and Nigeria were bright spots, but growing a lot versus prior year.
