South Africa’s vehicle exports rise in August0 (0)

South Africa’s vehicle exports rise in August
0 (0)

September 5, 2023

August exports of motor vehicles rose substantially compared to the equivalent month last year. Exports were up by 10 405 vehicles, which is 33.5% higher than August 2022. Vehicle exports for the year to date are over 12.4% ahead of the same period last year.

Sales for medium and heavy truck segments of the industry reflected a positive performance during the month – and at 702 units and 2 374 units, respectively, showed an increase of two units, or 0.3% in the case of medium commercial vehicles. Heavy truck and bus sales increased by 223 vehicles, reflecting a gain of 10.4% against the corresponding month last year.

The August 2023 new passenger car market, at 28 951 units, registered a decline of 2 064 cars, or a loss of 6.7%, compared to the 31 015 new cars sold in August 2022. The car rental industry supported the new passenger car market during the month and accounted for 16.2% of sales in August2023.

Domestic sales of new light commercial vehicles, bakkies and mini buses, at 13 652 units during August 2023, recorded an increase of 363 units, or a gain of 2.7%, from the 13 289 light commercial vehicles sold during August 2022.  Source: National Association of Automobile Manufacturers of South Africa (Naamsa)/ The Automotive Business Council.

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