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SA vehicle market gaining momentum, these were the top-selling brands in November
The South African new vehicle market continued its gradual recovery in November 2021. According to Naamsa, a total of 41 588 vehicles were sold last month, a gain of 553 units over the previous month and a 6.6% improvement over November 2020.
Passenger cars led this charge with a 9.4% year-on-year growth, supported by a resurgent rental car market, while the light commercial vehicle market declined by 0.8%. The medium and heavy commercial market segments grew by an encouraging 22.1% and 8.1% respectively.
84.2% of November’s vehicle sales took place through the dealer channels, and the rental market accounted for 11.5%, while government and corporate sales represented 2.4% and 1.9% respectively.
Sadly, vehicle exports plunged by 42.2% year-on-year, amounting to just 19 548 units in October, as supply chain disruptions and Europe’s fourth Covid-19 wave took effect. However, Naamsa expects the export market to resurge in 2022, as new locally-produced models such as the Mercedes C-Class, Ford Ranger and facelifted Volkswagen Polo come on stream, and international economic conditions improve.
www.iol.co.za
The South African new vehicle market continued its gradual recovery in November 2021. According to Naamsa, a total of 41 588 vehicles were sold last month, a gain of 553 units over the previous month and a 6.6% improvement over November 2020.
Passenger cars led this charge with a 9.4% year-on-year growth, supported by a resurgent rental car market, while the light commercial vehicle market declined by 0.8%. The medium and heavy commercial market segments grew by an encouraging 22.1% and 8.1% respectively.
84.2% of November’s vehicle sales took place through the dealer channels, and the rental market accounted for 11.5%, while government and corporate sales represented 2.4% and 1.9% respectively.
Sadly, vehicle exports plunged by 42.2% year-on-year, amounting to just 19 548 units in October, as supply chain disruptions and Europe’s fourth Covid-19 wave took effect. However, Naamsa expects the export market to resurge in 2022, as new locally-produced models such as the Mercedes C-Class, Ford Ranger and facelifted Volkswagen Polo come on stream, and international economic conditions improve.
SA vehicle market gaining momentum, these were the top-selling brands in November
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