South African vehicle sales last month saw a very modest improvement over June’s numbers. IOLmotoring
JOHANNESBURG - South African vehicle sales last month saw a very modest improvement over June’s numbers, with overall volumes rising from 31 867 units to 32 396, according to Naamsa.
The passenger car market was by far the most severely hit in July 2020, registering a 35.8 percent year-on-year decline, and something that could be partly attributed to the steep decline in demand for rental cars as the tourism industry reels from the Covid-19 pandemic and its associated travel restrictions. The rental industry accounted for just 1.4 percent of car sales last month.
Mirroring the domestic market situation, South Africa’s vehicle exports also declined by just under 30 percent, although this was a welcome improvement over the previous month.It was followed by Volkswagen , Ford , Hyundai and Nissan .Naamsa did not release sales figures for individual model ranges during the month of July.Mark Dommisse, chairperson of the National Automobile Dealers’ Association , warned that the market could take more than a year to recover.
“Consumers are still under massive pressure to meet their monthly household expenses, and cautious when making big-ticket vehicle purchases and committing to large financial payments.
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