Car Sales | Decline in annual new vehicle sales in September: Billy Tom

The Automotive Business Council released September's car sales figures this week. And noted a decline in annual new vehicle sales.
44,081 new vehicles were sold in the month, down 4.1% on September 2023, while export sales came in at 21,964 units - down from the 35,499 vehicles exported in September last year.
The Automotive Business Council says the first half of the year was a tough period, given the macro-economic back drop, but that with interest rates looking to come down on a cumulative basis, it's hopeful the fortunes of local car manufacturers will improve.
To discuss the dynamics influencing and affecting the sector, I'm joined by Billy Tom, he's the President of NAAMSA and Isuzu Motors SA CEO.
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[@kiimmaritz2827]

Its just too expensive and with salaries and high taxes the normal person cant afford it😢..if only less was stolen...but if is such a understated word

[@leonfillis1594]

Very informative interview

[@happytape307]

Interest rates still too high. I told you 3% from the start. 2.75% to go then the economy will reopen 😁

[@eyevinivan2207]

Alot of people are also buying from auction

[@KingG516]

No jobs , no money to spend, unfortunately most of us prefer to maintain and keep the cars we own rather than buying new ones. It’s sad for the industry

[@christophersemenya9890]

It's sad, our economy is failing us the have nots

[@really.unlikely]

😂😂😂 liar. There are no have not with the amount of hijacking taking place