June new-vehicle sales rise by 7.6%, exports 18% higher
Domestic new-vehicle sales in June expanded by 7.6%, to 41 019 units, compared with the same month last year.
The new-passenger-car market reached 29 545 units – a 20.6% jump on the same month last year.
The car rental industry accounted for 11.2% of passenger-car sales.
Sales of new small trucks, bakkies, vans and minibuses were 20.8% lower, at 8 877 units.
June medium-truck sales inched up by 1.3%, reaching 697 units, while heavy-truck and bus sales grew by 9.2%, to 1 900 units.
Exports increased by 18% in June, to 33 054 units, compared with the same month last year.
Year-to-date vehicle exports are now 2.9% below the figure for the same six months in 2021.
Naamsa | The Automotive Business Council notes that bakkie sales and exports fell as a result of the knock-on effects of the flooding in KwaZulu-Natal in April, as well as the continued shortage of semiconductors affecting vehicle production.
“Considering several upside risks to the economy and the inflation outlook, the new vehicle market delivered an upbeat performance during June.
“However, as consumers start to feel the pinch of rising food and fuel prices, along with higher interest rates, the spill-over effect of reduced disposable income will increasingly result in lower demand for nonessentials.” 
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