Sales of new cars and commercial vehicles in September came in at their lowest year-on-year in six months.
Car sales for the period came in at a meagre 37,403, 23.9 percent lower than sales in the same period last year.
Since April’s plunge of 98 percent, the market has gradually recovered but the full-year gap is still expected to be about 30 percent.
Vehicle exports, which make up a significant contribution of South Africa’s GDP, also slowed in September.
Exports were 20.9 percent weaker than the corresponding month last year.
For the year to end-September this year, exports totalled 185,984, that is 37.5 percent lower than last year.
In other news – Nomzamo Mbatha to deliver a speech at The United Nations
Media personality and actress Nomzamo Mbatha has been invited by the president of the General Assembly, Volkan Bozkir, to speak at the 75th General Assembly. This is not the first time as the star had previously addressed the UN headquarters at the Africa Dialogue. Learn more
Source: eNCA
