South Africa’s new-vehicle market continued its gradual recovery in 2022, with twelve consecutive months of year-on-year growth.
However, despite these positive numbers, new vehicle sales in 2022 are still 1.4% below the 536,612 units sold in 2019. Naamsa and the world’s No.1 automaker Toyota expect further near-term global supply chain disruptions to the new vehicle market in South Africa. Naamsa added that just as pandemic-induced disruptions seemed to subside in early 2022, the Russian invasion of Ukraine dealt a further blow to business and consumer confidence globally and in South Africa.
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