Africa Passenger Car Sales for 2008
In 2008, the African automotive market faced significant challenges due to the global financial crisis that began in late 2007. The crisis had a widespread impact on economies around the world, including African countries. As a result, car sales in Africa were affected, and the industry experienced a slowdown.
South Africa, being the largest car market in Africa, felt the impact of the financial crisis. Car sales declined 25% to 329k units, reflecting reduced consumer spending and tightened credit conditions. However, the market remained relatively strong compared to other African countries due to its more developed automotive industry.
