NAAMSA reports vehicle sales are still low
Although there was a slight increase in the volume passenger car segment due to strong sales to the car rental industry, overall units are still down.
For September, 37 707 of the total units sold, 76,7% represented dealer sales while an estimated 18,9% represented the rental industry. 3,1% of the total sales came from industry corporate fleets, and 1,3% from the government. The total domestic new vehicles sold came to 49 191 units, 0.9% or 439 units less than the corresponding month in 2018. The new passenger vehicle market saw a small but welcome increase of 1.1% or 358 units in comparison to last year and reflects the steady increase in sales as the year progress.
Commercial vehicles, bakkies and mini-buses sold a total of 13 473 units, 6.2% or 894 units less than last year while heavy trucks and buses sold the same amount as last year September. The medium commercial vehicle segment saw an increase of 14.0% with 790 units leaving dealerships. While export sales recorded a decline of 1 097 in comparison to September last year, the market has performed well since the beginning of 2019 and is already reflecting 18.8% higher than last year.
