Cape Town - South Africa’s new vehicle industry recovered slightly during June, but there is still anxiety among consumers, the National Association of Automobile Manufacturers of SA (Naamsa) said on Monday.
A total industry sales figure of 45 369 vehicles was recorded, which represents year-on-year growth of 0.9%. This recording is significantly better than the prior recording which indicated a decrease of -2.6%.
June’s positive sales growth was driven by consumer activity in the dealer channel, where sales of passenger vehicles and light commercial vehicles (LCVs) grew 4.3% and 5.7%, respectively. Demand for light commercials also grew 74.8% through the government channel and 25.7% in the rental channel, amounting to industry sales growth of 8% for LCVs.