South African new-vehicle sales have returned to first-quarter levels with June sales once again moving above the 40,000-unit threshold. The result will have brought some reassurance to the market after more-depressed April and May sales, providing stronger growth year-on-year.
According to naamsa | the Automotive Business Council, new vehicle sales grew 7.6% during June to 41,019 units. It represented a steady restoration of sales since the April slump but still remains some distance off the good performances of February and, especially, March sales.
“The new vehicle market remains volatile for many reasons, most of these beyond the control of manufacturers,” said Lebogang Gaoaketse, Head of Marketing and Communications at WesBank. “There are well-known pandemic-related consequences that continue to impact market performance. Additionally, broader challenges facing the country over the past few months have compounded the recovery of new vehicle sales.”
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