Published: 15 February 2018

Sales for new vehicles in 2017 declined by 7,45% to 3 154 due to shortages in foreign currency to purchase newer vehicles.

Vehicles are still considered as a non-priority on the foreign currency priority list by the central bank. Motor Industry Association of Zimbabwe president Simplisio Shamba said the decline was due to foreign currency shortages, as compared to 2016 where second-hand vehicles were the major factor.

In 2016, new vehicle sales were 3 408. In terms of total vehicles, including trucks and buses, the market recorded a 12,1% drop to 3 341 for the period under review from a 2016 comparative of 3 800.

Nissan overtook Toyota to be last year's top selling brand, with an increase of 45,7% in sales to 934 from 641 in 2016.
- newsday

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