NAAMSA comment on the September 2019 New Vehicle Sales Statistics

NAAMSA comment on the September 2019 New Vehicle Sales Statistics

The National Association of Automobile Manufacturers of South Africa [NAAMSA] said that the slide in the performance of the overall new vehicle market continued into September 2019 but that the volume passenger car segment reflected an unexpected but welcome uptick, largely supported by strong sales to the car rental industry during the month. Reflecting on the new vehicle sales statistics for the month of September 2019 released today for public consumption via the website of the Department of Trade and Industry, NAAMSA confirmed that aggregate domestic new vehicle sales, at 49 191 units, reflected a decline of 439 units or 0,9 % from the 49 630 vehicles sold in September last year. Monthly export sales had registered a modest decline compared to the high base level of the corresponding month last year but the upward momentum remains strong.

Overall, out of the total reported industry sales of 49 191 vehicles, an estimated 37 707 units or 76,7% represented dealer sales, an estimated 18,9% represented sales to the vehicle rental industry, 3,1% to industry corporate fleets, and 1,3% to government.

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