Johannesburg - South Africa’s new vehicle market continued to sag in December, very much reflective of the year as a whole.
The year 2018 saw new vehicle sales decline by 1.0 percent versus 2017, from 557 703 units to 552 190. Naamsa is predicting a modest improvement in South African vehicle sales in 2019, with an estimated total of 558 000 units essentially matching 2017’s figures.
Downward in December
In the final month of 2018, the vehicle market shrunk by 1.9 percent year-on-year, according to figures just released by Naamsa and while passenger car sales remained largely flat, with a 0.2 percent decline, light commercials were down by a more worrying 7.0 percent. Medium commercials declined by 10.1 percent, while the heavies recorded an improvement of 13.8 percent over December 2017.
A big silver lining, however, was that exports rose by a whopping 56.3 percent in December, versus the same month in 2017, the volume rising from 20 107 to 31 437 units, and contributing to 2018’s record export figure of 351 154 units.