South African vehicle sales had a sluggish start to 2024 selling only 41 636 units, a 3.8% decrease compared to the same period in 2023.
Studies have predicted that by 2030, hardly anyone in the US and Europe will own their own car.
Given that car dealerships were all but shut down, along with exports, a drop in new car sales was to be expected. Still, the numbers are jarring.
Vehicle sales for the month of July are the best they have been since July 2007 and it is probably a result of the weaker rand coupled with consumers fears of how this will impact them.