Stats reveal top 5 best-selling brands of April
Naamsa recently released its monthly update which provides crucial automotive statistics.
According to the National Association of Automobile Manufacturers of South Africa (Naamsa), aggregate domestic new vehicle sales in April, at 37 107 units reflected a decline of 88 vehicle units, or 0.2%, from the 37 195 vehicles sold in April last year.
Overall, out of the total reported industry sales of 37 107 vehicles, an estimated 33 492 units, or 90.3%, represented dealer sales, an estimated 5.2% represented sales to the vehicle rental industry, 2.8% to industry corporate fleets and 1.7% sales to the government.
Top 5 best-sellers:
- Toyota – 9 423
- Volkswagen SA – 4 644
- Suzuki Auto – 3 620
- Ford Motor Company – 2 804
- Hyundai Auto – 2 371
Despite the challenges faced by the industry, Toyota maintained its position as the top-selling brand with 9 423 units sold in April. The Volkswagen Group followed with 4 644 units, while Suzuki Auto, Ford and Hyundai Automotive South Africa rounded out the top five with 3 620, 2 804 and 2 371 units sold, respectively.
In releasing the April 2023 new vehicle statistics, Naamsa notes the continued constraints as a result of ongoing subdued economic conditions. The International Monetary Fund (IMF) announced that SA’s real GDP growth is expected to decelerate sharply to 0.1% for 2023, citing load-shedding, among other related supply shocks.
These observed economic turbulences and the record-high headline inflation are likely to trigger a further SARB Monetary Policy Committee interest rates hike in May. For this reason, Naamsa expects the domestic vehicle market to remain reserved for the greater part of 2023.
Read the original story on CAR Magazine.
