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SA vehicle sales slump - yet again

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<b>MAYBE NOT:</b> For the first time in 22 months, SA vehicle finance applications saw a year-on-year decline. <i>Image: Shutterstock</i>
<b>MAYBE NOT:</b> For the first time in 22 months, SA vehicle finance applications saw a year-on-year decline. <i>Image: Shutterstock</i>

The National Association of Automobile Manufacturers of South Africa (Naamsa) has reported that new vehicle sales in April 2015 saw a year-on-year decline of 3.3%.

The total number of passenger car sales totalled 30 184, resulting in a year-on-year decline of 1.9%. Sales of Light Commercial Vehicles (LCV’s) totalled 12 077, a yearly decline of 6%.

Passenger car sales reported the smallest decline among the segments. Passenger sales through the dealer channel have only declined 0.8%, year-on-year.

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