South Africa’s auto market trade group NAAMSA has explained 2020 as an “incredible 12 months that has introduced unparalleled troubles to the country’s financial state in normal and the automotive market in specific”.
NAAMSA reported the new car or truck market in December, albeit at a slower speed, with aggregate market new car or truck product sales at 37,493 units declining ten.1% 12 months on 12 months. Very last month’s new passenger car market and light commercial vehicle market reflected a mixed effectiveness with a drop of 14.four% for new cars and an boost of 3.two% for light professional vehicles. Income of heavy commercial vehicles and buses remained weak, declining fifteen.6%.
Exports amplified 36.3% 12 months on 12 months final month to eighteen,479 units, four,919 units increased than in Dec 2019.
Of complete noted market product sales of 37,493 vehicles final month, an estimated 33,750 or 90% represented dealer product