New-vehicle sales registered their eleventh consecutive month of year-on-year growth in November. Sales of cars and commercial vehicles during the month totalled 49,413 — an 18.2% increase on the 41,795 of November 2021.
As a result, aggregate 2022 sales to the end of November stood at 486,895. That was 13% more than the 428,549 at the same stage last year.
The figures were released on Thursday by Naamsa. CEO Mikel Mabasa described the market as “resilient” in the face of rising interest rates and other economic pressures .
“The new-vehicle market continues to outperform expectations,” he said.
November car sales of 32,859 outdid the previous year’s 28,100 by 16.9%. For the first 11 months of 2022, the car market was 334,010, or 19.6% more than 2021’s 279,388.
With the Toyota Hilux back in full production and despite Ford halting its Ranger line temporarily for the shift to a new model, November sales of light commercial vehicles, mainly bakkies and minibuses, outperformed 2021 by 20.8%. Medium-sized trucks were 17.5% better, heavy trucks 15.4% and super-heavies 24.1%.
Vehicle exports were also buoyant. The motor industry shipped out 34,310 vehicles — 64.7% more than the 20,831 of November 2021. For the year to date, exports of 326,516 are 17.9% ahead of 2021’s 276,848.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.