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New vehicle sales show momentum

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Sales growth in 2023 is slower than it has been, but this is not unexpected after the volatility since 2020

New-vehicle sales growth is all about momentum, motor industry officials have said. Figures released by the National Association of Automobile Manufacturers of SA showed that 45,352 cars and commercial vehicles were sold in February — a 2.6% improvement on the 44,224 of February 2022.

That took aggregate sales for the first two months of 2023 to 89,434 — 4.3% ahead of the 85,727 at the same stage in 2022. Naamsa CEO Mikel Mabasa called the performance “firm and momentum-building”. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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Source: Moneyweb - 🏆 5. / 77 Read more »