New Vehicle Sales Surged To Their Highest Level In Almost 6 Years In July
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Guest - Mikel Mabasa – CEO of NAAMSA.
South African new vehicle sales surged to their highest level in almost six years in July, cementing 10 consecutive months of growth for the industry.
July saw a total of 51,383 vehicles being sold across the country, Naamsa | the Automotive Business Council reported, which is the highest monthly sales figure recorded since October 2019.
This figure also represents a 15.6% improvement over July 2024. New passenger car sales, at 36,248 units, led the way with year-on-year growth of 20.1%, buoyed by strong rental car sales that accounted for 14% of this segment.
South African new vehicle sales surged to their highest level in almost six years in July, cementing 10 consecutive months of growth for the industry.
July saw a total of 51,383 vehicles being sold across the country, Naamsa | the Automotive Business Council reported, which is the highest monthly sales figure recorded since October 2019.
This figure also represents a 15.6% improvement over July 2024. New passenger car sales, at 36,248 units, led the way with year-on-year growth of 20.1%, buoyed by strong rental car sales that accounted for 14% of this segment.