vehicle sales
SOMI 2021: Andrew Kirby predicts 21% increase in new vehicle sales
The dramatic crash of car sales due to COVID-19 in the first half of 2020 and the subsequent powerful convalescence in the third quarter augurs well for the 2021 industry recovery – that is according to President and CEO of Toyota South Africa Motors (TSAM), Andrew Kirby. However, he[...]
Incremental gains for new vehicle sales, but still way down on pre-Covid numbers
Major supply issues across significant Light Commercial Vehicle (LCV) brands due to Covid-19 restrictions, coupled to the run out of certain key models, resulted in a 22,6% reduction in light commercial vehicle volume on dealer floors. “Demand seems to be outstripping certain supply lines on LCVs, and while this[...]
Vehicle sales improve slightly as dealers support tax cuts to boost motor industry
“The ongoing albeit slow improvement in new vehicle sales in South Africa, in line with the decreasing Lockdown Levels, is welcome, but the motor industry needs significant government support to grow sales, thereby increasing the amount of taxation paid to the state,” commented Mark Dommisse, Chairperson of the National[...]
New vehicle sales flat in July but still in choppy waters overall
New vehicle sales were largely flat in July, showing similar numbers to those of June 2020. However, according to the National Automobile Dealers’ Association’s (NADA’s) chairperson, Mark Dommisse, “most worrying to note is that July was a very long trading month, and vehicle sales were still almost 30% down[...]
June vehicle sales show marginal improvement over May
The National Automobile Dealers Association, a proud member of the RMI, is encouraged to see a slight improvement in new vehicle sales figures for the month of June. Nonetheless there is a long way to go before the market sees any recovery. “Following the disastrous months in March, April[...]