Cape Town - Following a number of months in which new vehicle sales dropped drastically, May 2017 sees some much needed stability brought to the market.
May 2017 aggregate new vehicle sales at 41 783 units had decreased by 1129 units or 2.6% from the 42 912 vehicles sold in May last year.
The May 2017 new car market at 26 317 units reflected a fall of 663 cars or a decline of 2.5% compared to the 26 980 new cars sold in May last year.
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Domestic sales of industry new light commercial vehicles, bakkies and mini buses at 13 410 units during May 2017 reflected a decline of 210 vehicles or a fall of 1.5% compared to the 13 620 light commercial vehicles sold during the corresponding month last year.
Naamsa noted that the "domestic new vehicle sales were closely correlated with the overall performance of the South African economy and confidence levels".
READ: Luxury SUVs in SA: Toyota dominates in May
See interactive infographic below: