Key View

• We forecast total new vehicle sales in Namibia will post mild growth in 2021 as consumers and businesses recover from weak Covid-19 driven economic growth levels in 2020.
• Namibia's economic output is set to improve in 2021 which will be supportive of improving business sentiment levels and thus drive demand for new vehicles higher.
• Demand for commercial vehicles wil...

READ THE FULL ARTICLE

SOURCE: Fitch SOlutions

https://www.fitchsolutions.com/corporates/autos/namibian-vehicle-sales-stabilise-2021-amid-improving-economic-outlook-28-10-2020