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Major slump in new car sales in July

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(iStock)
(iStock)

Cape Town – New vehicle sales slumped dramatically in July, reflecting the current difficult economic conditions in South Africa.

That is according to the National Association of Automobile Manufacturers of South Africa (Naamsa) on Monday, commenting on the Department of Trade and Industry’s latest release of new vehicle sales statistics.

Only 44 883 new vehicles were sold in July, which was a “substantial decline of 9 222 vehicles or a fall of 17% compared to the 54 105 vehicles sold in July last year”, said Naamsa.

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