SA's latest new-vehicle sales figures are 'extremely worrying'
"All the vehicle manufacturers in South Africa have something to worry about. The entire market sales keep falling." - Kumbi Mtshakazi, Motoring Enthusiast
Picture: © pramotephotostock/123rf.com
Gugs Mhlungu spoke to Motoring Enthusiast, Kumbi Mtshakazi.
Listen to their conversation in the audio clip below.
South Africa's new vehicle sales have declined for an eighth consecutive month.
"It's extremely gloomy."
- Kumbi Mtshakazi, Motoring Enthusiast
According to the March 2024 figures, total market sales fell 11.7% to 44,237 units.
"All the vehicle manufacturers in South Africa have something to worry about. The entire market sales keep falling."
- Kumbi Mtshakazi, Motoring Enthusiast
Mtshakazi says the reality is that with the cost of living constantly on the increase, most people are not able to afford a new car.
"Cars are just really starting to get expensive now and it's not attainable for everybody."
- Kumbi Mtshakazi, Motoring Enthusiast
He believes that people are also starting to understand the value of pre-owned vehicles.
These were the top 10 selling vehicles for March 2024
1. Toyota – 11 109 units
2. Volkswagen Group – 5 219 units
3. Suzuki – 4 335 units
4. Nissan – 3 995 units
5. Isuzu – 2 587 units
6. Hyundai – 2 436 units
7. Ford – 2 409 units
8. GWM – 1 564 units
9. Chery – 1 531 units
10. Renault – 1 301 units
Scroll up to listen to the full interview.