Here are 12 of the best-selling cars in South Africa right now, including the top 10 brands measured by sales.
Despite the positive numbers for November 2022, the new vehicle market’s resilient performance is decelerating due to the seventh consecutive increase in interest rates since November 2021, said Naamsa – adding that single-digit growth in new vehicle sales could be expected for 2023.
Given persistently high inflation and aggressive interest rate hikes in many advanced and developing countries at present, the risks to export sales reside on the downside, said Naamsa. Business and leisure travel recovery did however support the new vehicle market to counter the growing pressures on household incomes.
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