It still is no surprise the sales of new vehicles in South Africa continue to drop. But from a manufacturers point of view, exports have gone up during this slump period in sales in the local industry. During July, Naamsa said that 28 269 new vehicles were exported. This represented an improvement of 13 022 vehicles compared to the 15 247 vehicles exported during July last year. With very few local car sales taking place due to the tough economic conditions manufacturers have been forced to export their vehicles which in the past were being consumed by the local demand.

In the local market, new vehicle sales would remain under severe pressure as a result of the cumulative impact of interest rate rises, inflationary pressures, high levels of personal debt and the slow down in economic activity. New vehicle sales in South Africa continued on their downward spiral in the month of July. It had been feared the the local car manufacturing industry would be hit hard by the lack of sales in the local market but judging by the figures released today, it goes to show that the manufacturers can still remain in business if they continue to export. Hopefully the South African economy will not remain where it currently is today, and as the situation gets better, people will again be able to afford to purchase new cars.

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