JOHANNESBURG - South Africa's new vehicle market has delivered its strongest May performance since 2013, with sales climbing by 12.8%.
The sector is riding a firm recovery trend driven by sustained demand, replacement cycles, and improving sentiment.
But the macro headwinds are building. Aggregate domestic new-vehicle sales in May totaled 51,071 units.
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Passenger cars led the charge, while light commercial vehicles posted steady gains.
Trucks and buses delivered double-digit growth.
However, exports slipped by 4.8%, weighed down by production transitions at a key OEM.
Naamsa says the market is increasingly “value-driven,” with buyers prioritising affordability, fuel efficiency, and total cost of ownership as financing costs climb.