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Automotive|Business|Trucks
Automotive|Business|Trucks
automotive|business|trucks

New-vehicle sales slide continues

16th February 2024

By: Irma Venter

Creamer Media Senior Deputy Editor

     

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New-vehicle sales declined by 3.8% in January, to 41 636 units, compared with the same month last year.

This continued the decline in new-vehicle sales witnessed in the last five months of 2023.

New-passenger-car sales dropped by 6.7%, to 28 790 units, compared with January last year.

Sales of bakkies, small trucks, vans and minibuses, however, were 2.3% up, at 10 871 units.

Medium-truck sales expanded by 13.3%, to 520 units, with heavy-truck and bus sales increasing by 7.9%, to 1 455 units.

New-vehicle exports saw a decline of 2.1%, to 20 242 units.

“The lingering effects of cost-of-living increases, dampened consumer and business confidence, combined with the country’s port challenges, [and] persistent loadshedding, continue to undermine the new- vehicle market’s recovery path,” says Naamsa | The Automotive Business Council.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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