New vehicles sales remain flat

According to aggregate sales data from the National Automobile Association of South Africa, new vehicle sales were up 1.7% year-on-year with 51 866 units sold in October.

Looking at year-to-date sales, the industry remains on par with the corresponding time frame in 2017 with total sales only marginally lower by 0.5%.

In the dealer channel, which accounted for 67.3% of all new vehicles sold in October, total unit sales were up by 0.1% year-on-year and 1.7% year-to-date.

Passenger and light commercial vehicles, which contributed 67.6% and 27.3% to the total market respectively, are down by 0.3% and 1.6% year-to-date. – Own Correspondent