The number of new cars sold in 2020 was 29.1% lower than the previous year – levels last seen two decades ago.
The data from Naamsa showed that new vehicle sales continued to increase for the fifth consecutive month.
South African auto manufacturers note government’s Economic Recovery Plan, point to economic and fiscal reforms as key.
According to industry body Naamsa, the number of grey imports is growing at 30 000 vehicles a year.
Lockdown Level 2 has brought about a gentle easing of economic activity, with new vehicle sales increasing by 1 119 units over July to 33 515.
Hilux proves its mettle in tough economic conditions, keeps sales steady while steering Toyota into commanding 23% overall market share.
While showing signs of recovery in July, South Africa’s automotive manufacturing industry body has recorded the country’s worst sales quarter on record.
Mitsubishi Motors South Africa increases market share in first month of post-lockdown trading
Suzuki’s robust performance emerged despite challenging market conditions in the first month of trading after lockdown regulations were eased and generally soft June 2020 new vehicle sales.
The wheels of South Africa’s automotive sector are back in motion, but with a weak return to the country’s battered domestic and export markets in June, the industry faces an uphill climb ahead.
With the country in lockdown and factories silent, April’s drop in vehicle sales of more than 98% should be no surprise.