Resilient new vehicle sales during November

Almost 40 000 cars were sold through the retail channels.

Mark Dommisse, chairperson of the National Automobile Dealers’ Association (NADA) South Africa expressed his surprise.

“We were expecting a similar market to October, considering the negatives affecting the economy and growing political uncertainty in the country, but consumers have once again proved us wrong. November’s tally of 49 413 units showed an improvement of nearly 3 500 sales from just one month ago and represented a significant 18.2% increase in the number of units sold in the same month last year. This is most heartening for all sectors of the industry,” added Dommisse.

Rental sales constituted 14.7% of total vehicles sold.

“The consumer trend of buying less expensive and smaller cars, usually SUVs or crossovers, continues and, fortunately, the stock position has improved to meet this demand. There were also strong sales in the various commercial vehicle markets, all showing growth with medium, heavy, extra-heavy, and bus sectors up 17.5%, 15.4%, 24.1 and 53.8% respectively compared to November 2021. This indicates improving business confidence, even in these tough economic times.

Export increased by 64.7% year-on-year.

Source: NADA

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