New vehicle sales stumble in August

01 September 2023: New vehicle sales stumbled in August, showing the first potential signs of strain amidst economic headwinds. The market has performed resiliently despite tightening household budgets, low business and consumer confidence, and impact of the...

New vehicle sales hold their own

01 August 2023: New vehicle sales held their own during July, showing marginal growth year-on-year, to record 43,389 units. According to figures released by naamsa | the Automotive Business Council, this represents growth of 1.3% compared to July last year. “It...

naamsa releases July 2023 New Vehicle Stats

PRETORIA: Tuesday, August 01, 2023: naamsa | The Automotive Business Council CEO, Mikel MABASA said, a sigh of relief for new vehicle buyers as the South African Reserve Bank [SARB] paused interest rates at 8,25% in July 2023, after ten consecutive hike rates...