{"id":673341,"date":"2023-03-18T07:00:32","date_gmt":"2023-03-18T05:00:32","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=673341"},"modified":"2023-03-18T09:26:46","modified_gmt":"2023-03-18T07:26:46","slug":"6-new-cars-launching-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/673341\/6-new-cars-launching-in-south-africa\/","title":{"rendered":"6 new cars launching in South Africa"},"content":{"rendered":"

New vehicles are set to launch in South Africa in 2023 and 2024 as the motor vehicle industry recovers from the effects of the Covid-19 pandemic.<\/p>\n

The National Association of Automobile Manufacturers of South Africa (Naamsa) said that South Africans bought 45,352 new vehicles in February 2023, which represented a 2.5% year-on-year increase compared to February 2022.<\/p>\n

Although the local vehicle sales showed positive numbers, Naamsa said that exports declined by 11.5% \u2013 a concern as the automotive industry contributes 4.3% to the nation’s GDP.<\/p>\n

The association added that load shedding had a negative impact on vehicle production, while the current inflationary environment is having a direct impact on vehicle sales by influencing buying decisions of South African motorists.<\/p>\n

However, Naamsa still expects vehicle sales to grow in 2023.<\/p>\n

\u201cWhile momentum for the new vehicle market has been slow, it is forecasted that both domestic sales will grow by 6.3% and export sales will grow by 8.3% in 2023,\u201d it said.<\/p>\n

Some vehicles that will be added to the South African vehicle market include:<\/p>\n

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