Naamsa has released the sales figures for November 2020

National Association of Automobile Manufacturers of South Africa (Naamsa) has just released the monthly vehicle sales numbers for November 2020. 

It reported that despite a slight growth in sales, the year-on-year numbers are still down by 12% compared with November 2019. This decline is mirrored in export sales recording a 7,7% lower rate. “Overall, out of the total reported industry sales of 39 315 vehicles, an estimated 33 547 units, or 85,3%, represented dealer sales, an estimated 8,0% represented sales to the vehicle rental industry, 3,9% sales to government, and 2,8% to industry corporate fleets,” it indicated. Passenger car sales, 25 707 units, declined by 5 696 cars, or 18,1%, compared to November 2019. “The car rental industry accounted for a sound 11,6% of car sales in November 2020. “Domestic sales of new light commercial vehicles, bakkies, and mini-buses, at 11 243 units during November had recorded a welcomed increase of 567 units, or a gain of 5,3%, from the 10 676 light commercial vehicles sold during the corresponding month last year.” The medium and heavy truck segments registered a decline of 9,5% for medium commercial vehicles and 8,4% in the case of heavy vehicles and buses. Export sales for November 2020 declined 7,6%. The year to date reflects a decline of 32,9% compared to 2019. Naamsa noted the small but steady recovery as a positive. “With low inflation, marketing incentives available on new vehicles as well as interest rates expected to remain low for quite some time, it is actually a good time to purchase a new vehicle.”

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