New vehicle sales continue to slump in April

BY CHARL BOSCH - MAY 3, 2016

The National Association of Automobile Manufacturers of South Africa (NAAMSA) has record another drop in the sales of new vehicle for April, although exports registered a significant improvement.

Aggregate total domestic sales for the month fell by 9.2% from 44 469 unit last year, to 40 390 examples this year. Individual segments were also down with new passenger vehicles sales falling 13.2% from 30 026 to 26 077, while light commercial vehicles posted a marginal decline of 0.1% from last year’s 12 192 to 12 210.

Decreases were also posted in the sales of medium and heavy duty commercial vehicles, with the market dropping by 24.3% and 5.3% respectively. Exports however bounced back with a significant 39.2% increase from last year’s 23 602 units, to 32 856.