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New vehicle sales decelerate for eighth month in a row

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.

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.

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.

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.