According to National Association of Automobile Manufacturers of South Africa (Naamsa) figures from the month of July 2023, South Africa experienced a slight uptick in new vehicle sales, although demand for passenger cars declined.
The total domestic new vehicle sales for July reached 43 389 units, showing a modest increase of 567 units compared to the 42 822 units sold in July 2022. However, on the flip side, export sales saw a significant boost, surging by 11 896 units to reach 37 064 units in July 2023, compared to the 25 168 units exported in July 2022.
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The new passenger car market in July 2023 faced a dip, registering 27 839 units sold, which marked a decline of 2 985 cars compared to the 30 824 new cars sold in July 2022.
Notably, the car dealer sector held a strong grip, accounting for 78,3% of the new passenger car market during July 2023. Meanwhile, domestic sales of new light commercial vehicles, including bakkies and mini-buses, performed well, reaching 12 666 units in July 2023. This represented a significant surge of 3 114 units from the 9 552 light commercial vehicles sold in July 2022.
Sales for medium commercial vehicles took a hit, dropping by 90 units to 683 units in July 2023 from 773 units in July 2022. In contrast, the heavy truck and bus segments displayed positive performance, achieving 2 201 units in July 2023. This signaled an encouraging increase of 528 units compared to the same month the previous year.
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Year-to-date new vehicle sales for July 2023 reached 309 359 units, marking a 4,4% increase or 12 997 units more than the 296 362 units recorded during the same period in the previous year. Month-on-month, July 2023’s 43 389 vehicle units represented a decrease of 3 411 units compared to June 2023, which recorded 46 800 units.
In terms of exports, Naamsa stats show the year-to-date figures for July 2023 reached 209 900 units, reflecting a substantial increase of 19 029 units or 10% compared to the same period in the previous year. Month-on-month, July 2023 exports soared to 37 064 units, showing a remarkable increase of 9 735 units compared to June 2023, which recorded 27 329 units.
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The post Anticipating Naamsa Sales Figures for July 2023 appeared first on CAR Magazine.
