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Reading: Car Sales in Morocco continue to slide in May 2023
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AfricaNews360 > Business > Car Sales in Morocco continue to slide in May 2023
Business

Car Sales in Morocco continue to slide in May 2023

AIVAM data indicates that Dacia has emerged as a major player in Morocco with a 23% market share.

Posted Malik muhammed June 3, 2023 2 Min Read
Updated 2023/06/03 at 11:12 PM
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The overall sales of new cars in the country reached 64,025 units by the end of May 2023, a 4.45% year-on-year drop.

According to the latest monthly statistics released by the Association of Vehicle Importers in Morocco (AIVAM), Morocco’s passenger car market experienced a slight decline, with new registrations falling by 2.73%. 

A total of 58,365 passenger cars were sold by the end of May this year, reflecting steady demand for personal vehicles in the market.

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However, the light commercial vehicle (LCV) segment faced a more significant downturn, with new registrations dropping by 19.2%. AIVAM reported that 5,660 LCVs were sold during the same period, reflecting a shift in consumer preferences.

AIVAM data cited in news reports further show that Dacia emerged as a major player in Morocco with a 23% market share. The European brand sold 13,448 units in the first five months of 2023. 

Following closely behind is Renault, with 9,122 units sold, accounting for a market share of 15%. Hyundai secured the third position with 7,391 units sold, representing a market share of 12.66%.

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In terms of specific LCV models, Renault topped the charts with 1,220 units sold, capturing a market share of 21%. DFSK claimed the second position with 928 vehicles sold, constituting a market share of 16%, while FIAT secured the third spot with 656 units sold, representing an 11% market share.

Regarding the premium car market, Audi emerged as the leader with 1,670 units sold, giving the brand a market share of almost 3%. BMW followed closely behind with 1,330 units sold, accounting for a 2% market share. 

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Mercedes occupied the third position with 1,168 units sold, representing a market share of 2%. Porsche recorded sales of 193 units, with a market share of 0.3%, while Jaguar recorded sales of 50 cars, accounting for a 0.09% market share.

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TAGGED: Association of Vehicle Importers in Morocco, Car sales, Morocco
SOURCES: moroccoworld.com
Malik muhammed June 3, 2023
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