New vehicle sales in South Africa began the year on a weak note with the declining trend in the new vehicle market continuing into January 2020, data from The National Association of Automobile Manufacturers of South Africa (Naamsa) shows.
This was compounded by the fact that BMW has changed its reporting sales reporting model, making it more difficult to get a clear indication of how the car market is doing.
Aggregate domestic sales at 39,475 units showed a decline of 3,481 units or 8.1% from the 42,956 vehicles sold in January last year.
“Sustained weak demand for domestic new vehicles continued in January 2020 on the back of depressed consumer and business confidence, weak economic growth, record-high unemployment and Eskom’s ongoing electricity supply crisis,” Naamsa said.
“The new vehicle market is expected to face further consolidation until South Africa breaks out of its low growth trap and the economy is put on a higher growth path.”
The top-selling vehicles in January included the number of familiar names:
- Volkswagen Polo Vivo
- Toyota Hilux
- Volkswagen Polo
- Ford Ranger
- Ford EcoSport
Below are the top 10 best-selling bakkies in January 2020.
Toyota Hilux – from R273,100 (Double-cab from R413,500)
Ford Ranger – from R307,700 (Double-cab from R362,400)
Nissan NP200 – from R183,500
Isuzu D-Max – from R265.200
Nissan NP300 – from R275,900
Mahindra Pik Up – from R207,499
Toyota Land Cruiser 79 – from R593,900
Volkswagen Amarok – from R556,600
GWM Steed – from R164,900
Nissan Navara – from R504,500