New Vehicle Sales Cycle Firmly Turned

02 June 2025: With eight consecutive months of growth, May new vehicle sales put any doubt of revitalised growth to bed, recording an impressive 22% growth in market activity year-on-year. New vehicle sales in May recorded their biggest growth since July 2022 –...

Growing Consumer Confidence Boosts New Vehicle Sales In South Africa

Retail new vehicle sales in South Africa rose by 22% in May, driven by improved consumer sentiment following an interest rate cut and positive geopolitical developments. Passenger car sales led the surge, with commercial vehicle sales also showing strong performance....

Rate Cut Offers Breathing Room, But Recovery Still Faces Headwinds

SOUTH AFRICA, Johannesburg, 29 May 2025 – The South African Reserve Bank’s decision to lower interest rates by 25 basis points – bringing rates to their lowest level in more than two years – has been cautiously welcomed by the retail motor sector. “This...

New R100 Million Investment in SA’s EV Charging Network

Zero Carbon Charge (CHARGE), South Africa’s first developer of a national off-grid, solar-powered ultra-fast electric vehicle (EV) charging network, has secured a R100 million equity investment from the Development Bank of Southern Africa (DBSA). This landmark...