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Africa|Automotive|Business
Africa|Automotive|Business
africa|automotive|business

New-vehicle sales 0.2% lower in April

19th May 2023

By: Irma Venter

Creamer Media Senior Deputy Editor

     

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New-vehicle sales in April declined by 0.2%, to 37 107 units, compared with the same month last year.

The new passenger car market reached 24 174 units in April – a 6.1% decrease on the same month last year.

Some good news was that the sale of new bakkies, vans and minibus taxis jumped by 11%, to 10 611 units.

April medium-truck sales expanded by 20.3%, reaching 563 units, while heavy-truck and bus sales leapt by 23%, to 1 759 units.

Total year-to-date sales are now up 1.3% on the first four months of last year.

New-vehicle exports from South Africa also delivered some cheer in April, improving by 13.4%, to 37 107 units.

Year-to-date vehicle exports, at 115 567 units, are, however, a mere 0.1% up on the corresponding period last year.

Naamsa | The Automotive Business Council expects sales to remain muted for the remainder of the year, owing to static economic growth and the prospect of further interest rate hikes.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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