Naamsa sales statistics for August, fuel prices to drop for a fifth consecutive month, expectations of an interest rate cut, and Eskom positive about the end of loadshedding

Naamsa sales statistics Sales statistics for new vehicles released by Naamsa showed that the positive July 2024 new vehicle market performance could unfortunately not maintain through to August. Overall 43 588 new vehicles were sold in August 2024, reflecting a decrease of 2 266 units, or a loss of 4,9%, comparing to vehicles sold in […]

Automotive Sales Taking Some Strain

Figures released by the Automotive Business Council showed that the new vehicle market declined 14.2% year-on-year last month! (May)
Applications for new vehicle finance declined by double digits, while used vehicles maintained stronger interest.