Car sales take another dip in March but bakkies and minibuses buck the trend.
"Many dealer principals within the Nada network have commented on noticeably slower foot traffic on showroom floors. This is clearly a sign of economic pressures on household budgets," he said.
However light commercial vehicle sales continued to buoy the market with figures up 1.9% to 14,994 units. Medium and heavy commercial vehicles also showed growth of 6.2% and 5.3% respectively, albeit in small volumes of 775 and 474 units. Extra heavies and buses declined 3.6% and 12.9% respectively.
Msibi remains optimistic for the market’s performance in the second half. “While sobering, the market picture is not all doom and gloom, nor unexpected. We forecast first-half sales to be slow with a better-performing second half,” said Msibi.
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