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2019/09/02

Sales hammer continues to bludgeon sales

August was by no means a pretty picture for South African new vehicle sales as the industry slumped back to levels experienced towards the end of the first half. Some hope was embraced during April with sales marginally (0.7%) higher, May returned a 5.7% blow while June and July held some promise of the forecast second half resurgence. But August’s sales hammer returned another forceful blow to the market with a 5.1% decline year-on-year to 45,537 units. This was according to results released by the National Association of Automobile Manufacturers of South Africa (Naamsa).