New-vehicle sales expand by 14% in June, exports down 12.6%

3rd July 2023 By: Irma Venter - Creamer Media Senior Deputy Editor

New-vehicle sales expand by 14% in June, exports down 12.6%

Domestic new-vehicle sales in June increased by 14%, to 46 810 units, compared with the same month last year.

The new-passenger-car market reached 29 795 units last month – a gain of 0.8% over June last year.

The rental industry accounted for 13.4% of car sales last month.

Sales of new bakkies, vans and minibus taxis – light commercial vehicles – jumped by 57.1%, to 13 945 units.

June medium-truck sales grew by 8.2%, reaching 743 units, while heavy-truck and bus sales expanded by 19.6%, to 2 327 units.

In contrast to these positive numbers, June export sales, at 27 296 units, dropped by 12.6% compared with the same month last year.

This is an especially poor performance as June 2022 exports were heavily affected by flooding in KwaZulu-Natal.

For the first half of the year the South African new-vehicle market was up 12 284 units, or 4.8%, on the corresponding period last year, while vehicle exports were 4.7% ahead of the first half of 2022.