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New vehicle sales decelerate for eighth month in a row

New vehicle sales decelerate for eighth month in a row
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Just over half a million vehicles sold in SA in 2023

Hopes hang on an easing of interest rates and inflation in the second half of 2024 to provide relief for the industry.

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How many cars were sold in South Africa in 2023?

Against all odds, South African car dealerships defied tough economic conditions in 2023 with a modest sales increase.

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New vehicle discounts abound as dealers try to boost sales

Figures show a year-on-year decline of more than 9% in the third quarter.

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Economic turmoil forces car dealers to offer substantial discounts

Naik added that a significant market trend is the notable increase in the average loan amount for financed vehicles.

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