Big jump in new car sales in South Africa

The National Association of Automobile Manufacturers of South Africa (NAAMSA) has released the new vehicle sales statistics for June 2020, which shows a 147% increase from May.

The automotive industry contributes significantly to South Africa’s Gross Domestic Product (GDP) in both manufacturing and retail.

Motoring also accounts for 27.6% of the country’s manufacturing output and is responsible for approximately 457,000 jobs across the South African economy’s formal sector.

New car sales are therefore an important economic indicator of the health of the country’s economy.

In June 2020, 31,867 new vehicles were sold in South Africa, which is a big increase from the 12,932 vehicles which were sold in May 2020.

While the month-on-month growth is encouraging, it is still a 31% decrease from June 2019.

The year-to-date new vehicles sales also do not make for good reading and clearly shows the economy is still depressed.

Between January and June 2020, a total of 162,622 new vehicles were sold.

This represents a decline of 37%, which is mainly a result of the extended lockdown that prohibited vehicle sales in April and part of May.

The table below provides an overview of the new vehicle sales in June 2020 and the month-on-month and year-on-year changes.

New Vehicle Sales
Market June 2020 May 2020 Month-on-Month Change
Passenger 19,264 9,018 113.6%
Light Commercial 10,189 3,071 231.8%
Medium Commercial 611 303 101.7%
Heavy Commercial 454 86 427.9%
Extra Heavy Commercial 1,280 414 209.2%
Bus 69 34 102.9%
Total 31,867 12,926 146.5%
Market June 2020 June 2019 Year-on-Year Change
Passenger 19,264 28,931 -33.4%
Light Commercial 10,189 14,497 -29.7%
Medium Commercial 611 832 -26.6%
Heavy Commercial 454 472 -3.8%
Extra Heavy Commercial 1,280 1,147 11.6%
Bus 69 74 -6.8%
Total 31,867 45,953 -30.7%

New vehicle sales since 2019

The chart below shows the impact of the lockdown on new vehicle sales in South Africa.

Now read: New car sales in South Africa show the economic impact of the lockdown

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Big jump in new car sales in South Africa