November 2022 sales report highlights continuation of year-on-year growth

It has been a tumultuous year, but not for the SA automtive market. Naamsa has reported a significant uptick in the November 2022 report.  The post November 2022 sales report highlights continuation of year-on-year growth appeared first on CAR Magazine.

November 2022 sales report highlights continuation of year-on-year growth

It has been a tumultuous year. With wars, post-pandemic recovery, natural disasters and global financial disarray. Naamsa has reported a significant uptick in the recent November 2022 sales report for the South African auto industry. 

November 2022

Image: Volkswagen

November 2022 marks the eleventh consecutive month of year-on-year growth. November saw an increase of 18,7% in the domestic new vehicle sales segment resulting in a total of 49 413 units sold compared to 41 795 units recorded in the previous year. Alongside this bolstering of the new vehicle, the sales segment is the increase recorded in the new passenger car market.

The new passenger car market experienced an increase of 16,9% from the November 2021 figure of 28 100 units to 32 859 units in November 2022. Export figures reflect the same uptick as the domestic vehicle sales. In November 2022, Naamsa reported an increase of 64,7% or 13 479 units for its vehicle export sales culminating in a total of 34 310 units sold for export. Of the 49 413 total sales recorded for November 2022, 81% or 39 998 units of the total number of vehicles sold were dealer sales. The sale of light commercial vehicles, bakkies and minibuses has also increased from 11 154 in November 2021 to 13 477 in November 2022, a 20,3% increase. 

November 2022

Image: Volkswagen

November 2022 reports a healthy strengthening of the local market, and now it seems that a greater focus is being applied to the goal of carbon neutrality. According to Namsa CEO, Mikel Mabasa, South Africa risks losing 50% of its production volume from 2025 to 2035 as a result of the enforcement of European ICE bans. Throughout the course of this year, the South African automotive market has been through the ringer. With the increasing pressure to convert to a carbon-neutral system, South Africa’s offerings fall short of the evolving industry standards. 

“We must work collaboratively – at all levels of government and across all economic sectors – to identify the range of approaches necessary to establish sustainable pathways to carbon neutrality across sectors and the unique circumstances of the South African economic landscape” – Mikel Mabasa.

The post November 2022 sales report highlights continuation of year-on-year growth appeared first on CAR Magazine.


(Excluding for the Headline, this article ("story") has not been edited by MiBiz News and is published from a web feed or sourced from the Internet.)