WINDHOEK: Namibian vehicle sales took a significant dip in December, falling to its lowest monthly reported figure since May 2011.
The decreases were quite broad-based, with passenger as well as commercial vehicles significantly down from November.
A report issued by local financial services’ firm Simonis Storm Securities said yesterday that a big part of the decrease can be attributed to seasonal factors, with December being a slow month for vehicle sales in general.
On a year-on-year basis, however, it was commercial vehicles, more specifically light commercial vehicles, which came in much lower than in 2011.
It said new passenger vehicles sold decreased to 419 units, well below the monthly average in 2012 of 518 units, while on a monthly basis, the figure decreased by 13.8 per cent from November, although stripping out the seasonality, the monthly figure was only 2.3 per cent lower than in December 2011.
Total commercial vehicle sales recorded for the month stood at 468 units, compared to the year’s monthly average of 623 units.