Industry association Naamsa said today that aggregate new vehicles were sales were up 0.4% year on year. However, new passenger car sales were down more than half a percent.
Overall, out of the total reported Industry sales of 51 256 vehicles, an estimated 85.0% represented dealer sales, 8.1% represented sales to the vehicle rental industry, 3.9% constituted sales to government and 3.0% to industry corporate fleets.
It said consumers’ disposable income and sentiment remained under pressure despite the extremely attractive incentive packages on offer in the industry.
Naamsa said intense competition in the market continued to put pressure on margins throughout the automotive value chain and this trend is expected to continue in the medium term.
Industry exports showed an improvement of 66 units year on year for November.
