CRA Motor Industry Explored – South Africa


PRETORIA: Monday, November 02, 2020: “New vehicle sales in South Africa are slowly picking up but not at 2019 levels yet. We are not out of the woods yet. While vehicle exports are making a steady comeback, we remain cautiously anxious about the reports of a COVID-19 second wave across Europe which could further depress our overall outlook for the balance of this year”, said Mikel Mabasa, naamsa CEO.

Reflecting on the new vehicle sales statistics for the month of October 2020, naamsa confirmed that the downward trajectory in new vehicle market continued during the month, albeit at a slower pace with aggregate domestic sales at 38 752 units reflecting a decline of 13 216 units, or 25,4% from the 51 968 vehicles sold in October last year. Export sales at 33 474 units also declined by 7 792 units or 18,9% compared to the 41 266 vehicles exported in October 2019.

Overall, out of the total reported industry sales of 38 752 vehicles, an estimated 32 478 units or 83,8% represented dealer sales, an estimated 9,4% represented sales to the vehicle rental industry, 3,8% sales to government, and 3,0% to industry corporate fleets.

The October 2020 new passenger car market at 26 793 units had registered a decline of 9 106 cars or a fall of 25,4% compared to the 35 899 new cars sold in October last year. The car rental industry accounted for an encouraging 12,8% of car sales in October 2020.

Click here to read the full press release.

Click here to review the naamsa October 2020 Industry New Vehicle Sales Summary Report.

Article Credit to naamsa.