naamsa Thought Leadership Roundtable 2024 (Highlights)

Held August 23, 2024 | Melrose Arch, Johannesburg | Powered by Accenture
The Future of Auto Retailing in South Africa
New vehicle sales in South Africa have been under a lot of pressure since the beginning of 2024. For the first half of this year [January to June], the cumulative new vehicle sales were tracking at 7,6% below the corresponding period in 2023.Since August last year when the declining slope in new vehicle sales commenced, 10 of the 11 months reflected year-on-year decreased sales while the trend also worsened up to June 2024. Similarly, vehicle imports declined in line with weak trading conditions.