Vehicle Sales Note August 2024
Total vehicle sales for August 2024 came to 995 units, down 15.1% from the previous month after three consecutive monthly increases prior. The Toyota unsurprisingly dominates both the passenger and commercial markets, with the Hilux alone making up 49.7% of the light commercial vehicles sold. Meanwhile, South Africa motor trade sales have shown signs of struggle, with new vehicles sold in Q2 2024 declining by 6.4% y/y. Over the same period, used vehicle sales increased by 9.8% y/y.
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