Tanzania is a country in East Africa, part of the African Great Lakes region. Its official name is the United Republic of Tanzania. Tanzania has a wide range of climates. Tanzania's car sales will be practically steady in March 2022. Only 199 vehicles were sold in March (down 0.5 percent), with 551 automobiles (+0.2 percent) sold thus far. With an increase of 11%, Toyota is chasing the commercial crown.

March's Market Trend

After a 1.5 percent rise the prior month, the Tanzanian business remained virtually unchanged in March 2022, with 199 units sold (-0.5 percent), resulting in Date sales of 551 units, a 0.2 percent raise over 2021. The leading brand Ashok Leyland has seen a 2.4 percent drop in sales YTD despite having an 18.4 percent market share, whereas Toyota has acquired 11 percent. Mazda had the worst success rate this year and lost 12.5 percent of its market share.

Market Trends in the Medium Run

Tanzania's new light automobile market has remained consistent in the region of 2,000 to 3,000 units per year, despite the easy availability of international secondhand automobiles. The business has fluctuated from lower peaks of 2,035 cars in 2016 and higher peaks of 3,314 vehicles in 2013, with 2018 ending at 2,258 vehicles. The light car market lost 20.2 percent in 2019, owing to a particularly weak fourth quarter, seeing just 1,914 transactions, the lowest point since 2010.

After such declining demands the prior year, the market in 2020 improved marginally, with sales totaling 2,015, a 5.3 percent gain.

The Tanzanian business began the year favorably in 2021, with 550 cars sold in the first quarter, a 2.6 percent raise over the first quarter of 2020, and sales began to expand exceptionally rapidly in Quarter 2, with 510 vehicles sold, a 175.7 percent gain over the second Quarter 2020, due to very low sales volumes recorded throughout the second quarter.

With only 398 units sold in the third quarter, sales dropped 44.6 percent, backed by a 28.5 percent drop in the fourth quarter with 361 vehicles sold. Total sales for 2021 were 1,819, down 6.5 percent from 2020. Despite 551 units sold in the first quarter of 2022, sales increased by only 0.2 percent.