Sales of New Cars In Bangladesh – Data, Trends, Charts & Analysis
Bangladesh is the world’s 8th-most populous country with nearly 163 million people. Transport is a major sector of the economy, particularly aviation and the service sector accounts for 51 percent of the country’s GDP. Bangladesh has the world’s 39th largest economy in terms of market exchange rates and 29th largest in terms of purchasing power parity, which ranks second in South Asia after India. Insufficient power supply is a significant obstacle to Bangladesh’s economic development.
Here you will find annual car sales figures for Bangladesh. These statistics are Total Market Volumes, which include passenger cars as well as light commercial vehicles (LCVs).
The figures below come from unconfirmed sources and can vary slightly from other data you may find elsewhere. Despite our best efforts to find the most reliable data, we can’t guarantee 100% accuracy, unless a specific source is mentioned below the table. Still, we’re confident the provided data is sufficiently indicative of the size and trend of the market to be published as such. If you have access to a confirmed source of Bangladeshi car sales figures, including a split between Passenger Cars and LCVs, or data going back before 2005, please get in touch with us.
Bangladesh Automotive Sales Data & Recent Highlights
As you can see, the Bangladesh car sales market has been declining since 2014. The decline was most pronounced in 2016, when sales fell by 45.96%. However, the market has started to recover in recent years, with sales increasing by 6.67% in 2021.
There are a number of factors that have contributed to the decline in Bangladesh car sales in recent years. These include the economic slowdown, the rise of public transportation, and the high cost of car ownership. However, the market is expected to recover in the coming years. The government of Bangladesh is investing in infrastructure projects, which is expected to boost economic growth and create jobs. This, in turn, is expected to lead to an increase in demand for cars.
In addition, the government is also introducing a number of incentives to encourage the purchase of electric vehicles. This is expected to further boost the car sales market in Bangladesh in the coming years.
Interesting Bangladesh New Car Sales Stats
- Best Sales Year Volume: 29,300 units sold
- Worst Sales Year Volume: 2,500 units sold
- Average Sales Per Year: 14,302.8 units sold
- Total Sales Units (since 2005): 243,148 units sold
Top 5 Most Popular Automotive Brands In Bangladesh
Here are the top 5 car brands sold in Bangladesh in 2021:
- Toyota
- Suzuki
- Hyundai
- Honda
- Kia
Bangladesh New Motor Vehicle Sales Table
| Year | Sales | Growth |
|---|---|---|
| 2005 | 6,500 | |
| 2006 | 9,000 | 38.46 |
| 2007 | 12,000 | 33.33 |
| 2008 | 17,000 | 41.67 |
| 2009 | 21,500 | 26.47 |
| 2010 | 20,700 | -3.72 |
| 2011 | 20,800 | 0.48 |
| 2012 | 24,600 | 18.27 |
| 2013 | 24,000 | -2.44 |
| 2014 | 29,300 | 22.08 |
| 2015 | 28,500 | -2.73 |
| 2016 | 15,400 | -45.96 |
| 2017 | 2,500 | -83.77 |
| 2018 | 2,750 | 10.00 |
| 2019 | 3,000 | 9.09 |
| 2020 | 2,598 | -13.40 |
| 2021 | 3,000 | 15.47 |
Bangladesh New Motor Vehicle Sales Chart
Sources: Manufacturers, ANDC, JATO Dynamics.
