#JustIn: Rental agencies stock up on cars
Graph Cirrus Capital

#JustIn: Rental agencies stock up on cars

Local rental agencies bought 45 vehicles in total last month as they stock up in anticipation of the peak tourism season in Namibia.


According to Cirrus Capital, 20 Volkswagen Polo Vivo units were sold - “a consistently popular vehicle for rental agencies, praised for its nimble size, versatility and fuel efficiency”, the analysts say.


Ten Toyota Hilux and five Fortuner units were sold to rental agencies - “also two consistently popular vehicles for rental agencies for their off-road capabilities, load capacity and toughness”, Cirrus says.


“Toyota’s general brand reputation for durability and reliability makes it a favourite for tourists arriving in Namibia,” Cirrus adds.


However, the analysts caution: “As Namibia’s government recently announced its decision to introduce the reciprocal visa policy, rental agencies will be wary of re-fleeing in advance if this is implemented.


“Tourists from affected countries (about 70% of Namibia’s tourist volumes) do not suffer from a lack of affordability as much as regional tourists do and are far more likely to rent off-road vehicles to travel across the country in rugged terrains.”

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