'Slight improvement' in new vehicle sales for June an encouraging sign for rest of 2020


• Car sales in June saw a slight improvement.

• 91.3% of new vehicle sales was through the dealer channel.

• Buyers leaning towards mid- to low-end-priced vehicles.

The National Automobile Dealers Association (NADA), a proud member of the RMI, is encouraged to see a slight improvement in new vehicle sales figures for June.

Nonetheless, there is a long way to go before the market sees any recovery.

Following the disastrous months in March, April and May, we saw positive activity on dealership floors in June. Of the total reported industry sales of 31 867 vehicles across all segments, an estimated 29 100 units, or 91.3%, represented dealer sales.

The trend at the moment is that of new vehicle buyers leaning towards the mid- to low-end-priced vehicles. However, on the back of new vehicle price increases from the weakening Rand, there are currently decent buying opportunities in new cars across all ranges. 

The fuel price, although recently increased, but lower than before lockdown started, coupled to the lowest interest rates we've seen in years, will also create buying opportunities for consumers. We are hoping that this positive trend continues in July and for the balance of the third quarter.

Mark Dommisse

Mark Dommisse (pictured) is the chairperson of NADA.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
Brought to you by
Voting Booth
Who do you feel was at fault for Verstappen and Hamilton's Italian GP crash?
Please select an option Oops! Something went wrong, please try again later.
25% - 1453 votes
43% - 2472 votes
They were both at fault
32% - 1813 votes