for subscribers

Uptick in new vehicle sales

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
(iStock)
(iStock)

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.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.89
(-0.78)
ZAR/GBP
21.44
(-0.29)
ZAR/EUR
19.74
(-0.54)
ZAR/AUD
12.03
(+0.01)
ZAR/JPY
0.16
(-0.67)
Gold
1878.91
(-1.32)
Silver
23.35
(-4.34)
Platinum
851.00
(-2.40)
Brent Crude
42.24
(+0.55)
Palladium
2190.50
(-0.99)
All Share
53265.33
(-0.10)
Top 40
49126.16
(-0.05)
Financial 15
9570.37
(+0.53)
Industrial 25
71886.85
(+1.23)
Resource 10
52935.40
(-1.85)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1342 votes
It depends on how the funds are used.
73% - 8757 votes
No. We should have gotten the loan elsewhere.
16% - 1930 votes
Vote