· Overall Dealer sales channel for:
- March 2019 – 41,235 new vehicles sold in March 2019 (2018: 44,417 showing a 7.2% decline on dealer floors)
- Year-on-year March 2019 vs March 2018 – 110,628 new vehicles sold year-to-date to March 2019 (2018: 118,158 showing a 6.4% decline on dealer floors)
- February 2019 dealer sales vs March 2019 dealer sales – showed a significant increase from the shorter month of 15%.
“The new vehicle market continues to perform within our expectations of a downward trend, as consumers find themselves increasingly under pressure,” commented Mark Dommisse, Chairperson of the National Automobile Dealers’ Association (NADA), which represents franchised car and commercial vehicle retailers in South Africa.
“Many dealer principals within the NADA network have commented on noticeably slower foot traffic on showroom floors. This is clearly a sign of economic pressures on household budgets,” continues Dommisse.
“On a positive note, the commercial vehicle segment for the 1st quarter of 2019 showed resilience, selling 41,874 Commercial Vehicles across the board (Light to Heavy Commercial Vehicles), with a minor 24-unit reduction from the comparative period in 2018, which is good news indeed.
“The commercial vehicle market is showing encouraging signs of stability, which bodes well heading into the elections next month, especially considering the challenges being faced by the industry and economy. It appears that this segment of the market will continue to perform at these levels,” concludes Dommisse.
Mark Dommisse, Chairperson of the National Automobile Dealers’ Association (NADA)