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Automotive|Business|Export|Rental
Automotive|Business|Export|Rental
automotive|business|export|rental

New-vehicle sales drop by 3.1% in August, exports up 33.5%

1st September 2023

By: Irma Venter

Creamer Media Senior Deputy Editor

     

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Total new-vehicle sales in August dropped by 3.1%, to 45 679 units, compared with the same month last year.

The new-passenger-car market reached 28 951 units last month – a decline of 6.7% when compared with August last year.

The car rental industry accounted for 16.2% of new-passenger-car sales in August.

Sales of new bakkies, vans and minibus taxis – light commercial vehicles – were up 2.7% in August, to 13 652 units.

August medium-truck sales inched up by 0.3%, reaching 702 units, while heavy-truck and bus sales expanded by 10.4%, to 2 374 units.

Last month’s new-vehicle export sales, at 41 462 units, increased by 33.5% compared with the same month last year.

naamsa | The Automotive Business Council says the passenger-car market’s performance reflects the continued impact of rising living costs and lower

disposable income on consumers’ ability to be active in the new-vehicle market.

“Affordability, along with delayed replacement cycles, appear to be driving new-vehicle sales.”

 

Edited by Creamer Media Reporter

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