Vehicle Sales Note December 2020

December saw vehicle sales increase marginally m/m, with growth of 0.3%. However, vehicle sales remained contractionary with growth of -2.0% y/y. This amounted to 700 vehicles being sold over the month. This brings total new vehicle sold in ‘20 to 7,606 – the lowest annual sales figure since ‘04. This represents annual growth of -26.7%, the largest contraction on record.