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The South African new vehicle market has demonstrated its resilience in the face of ongoing economic downturns for several months.

Strong Sales of Commercial Vehicles Keep Total Vehicle Sales in July Positive

Strong sales of commercial vehicles ensured that total new vehicle sales in South Africa continue to remain positive in 2023.

A consistent stream of new and updated models, particularly in significant high-volume segments, along with improved availability of popular models,

The drastic increase in load shedding, a 75-basis point rise in the interest rate, and ongoing high fuel costs are

“New vehicle retail sales in July remained remarkably buoyant in a tough market characterised by rising inflation, interest rates and