Auto vehicle market declined slightly from 2023 levels, still up on 2021 numbers

Despite a 3% decline in total vehicle sales, passenger vehicle sales grew by 1%, while LCVs dropped 12%. Crossover/SUVs dominate, now nearing 40% of the market, while hybrids and EV sales doubled, reaching 4.4% of passenger sales. Lightstone provided over 1.9 million vehicle validations, offering critical insights for the industry.

New Vehicle sales – 2020 to 2024

No change in bodyshape top five order – but Crossover/SUV pulling steadily away at the top

• Crossover/SUV grew from 35% to just under 40% of Light Vehicle market in 2024

• Other bodyshapes either held steady or declined marginally

• Crossover SUV leads the bodyshape table, holding the position it captured in 2021. Hatch is still the second favourite, ahead of the Above One-Ton DCab, Above       
•   One-Ton SCab and the Sedan.

Bodyshape share of new Light Vehicle sale

Bodyshape rank for new Light Vehicles

Super charged Hybrid Electric vehicle sales

• Hybrid & Electric sales: 15 521 (2023: 7 755) – 100% increase
• Hybrid & Electric share of Passenger market: 4.4% (2023: 2.2%) – 100% increase

Hybrid & Electric sales (full year)

Hybrid & Electric share of Passenger

Providing data solutions for the auto industry

Lightstone is a provider of comprehensive data, analytics and systems on property, automotive and business assets. Lightstone has access to unique and proprietary data sets which allow it to build sophisticated analytics and spatial models to deploy various technologies to a range of industries. Our analytical, business and industry expertise are paired with our technical excellence to guide clients in managing risk and making business critical decisions. For more information, please visit: www.lightstone.co.za