While the country reeled to the sober mid-term budget speech, new vehicle sales provided some level of optimism.
Sighs of relief could be heard across the motor industry as September 2019’s new vehicle sales steadied after a torrid August.
August was by no means a pretty picture for South African new vehicle sales as the industry slumped again.
Though the interest rate decreased in July 2019, it did very little to improve new vehicle sales.
New vehicle sales continued to show the volatility and unpredictability of the new vehicle industry.
The declining trend in the new vehicle market since the beginning of 2019 came to a halt in April.