Vehicle sales increase by 4.1 per cent


Vehicle sales in South Africa have increased by 4.1 per cent year-on-year, quashing any fears about the industry collapsing in what is a brutal economic climate.

Economic growth in South Africa has stagnated under the Jacob Zuma administration, while the country has just emerged from a technical recession. Unemployment has never been higher and poverty is as severe as it has ever been in the country.

However, the demand for motor vehicles has actually increased despite this.

New vehicle sales increased by 7.7 per cent during the period in question, while used car car sales increased by 6.1 per cent. 

Motor trade sales increased by 2.1 per cent in the three months ended August 2017, compared with the three months ended August 2016. 

The main contributor was new vehicle sales (6.0 per cent and contributing 1.5 percentage points).