New vehicles start new year off on the wrong track

New vehicle sales have started the new year off in the rough with the National Association of Automobile Manufacturers of South Africa (NAAMSA) posting a 8.1% decline from January last year’s 42 956 units to this year’s 39 475.

The downturn also reflected across the various segments with new passenger vehicle sales dropping 5.1% from 29 616 to 28 116 and light commercial vehicles by a substantial 16.3% from 11 700 to 9 791.

Two-thousand-and-nineteen’s star performers, medium and heavy duty commercial vehicles, failed to maintain their momentum into the new year with the former shedding eight percent to end the month on 503 units, while the latter went down by 2.6% to 1 065 units. Hardest hit however was exports which fell by 37.7% from 18 250 to 11 373.

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