Auto Newsletter | August 2022
Opportunity for resilient motor vehicle market in South Africa
New vehicle sales are steadily climbing as South Africa shrugs off the lingering effects of Covid-19, a world-wide semi-conductor shortage and supply chain delays.
New vehicle sales continue to grow
In our lead story, New vehicle sales continue to grow, naamsa reports sales in July 2022 amounted to 43 264 units – 29.9% up on July 2021. The July 2022 figures are also 5.4% ahead of June, and come as the domestic economy recovers from the April floods in KwaZulu-Natal, and Toyota’s production facility comes back online.
Crossover/SUV vehicles double market share in last decade
While sales figures continue to climb, it’s interesting to see what South Africans are buying – and the data confirms habits are changing. In Crossover/SUV vehicles double market share in last decade, we discover that Sedan sales have fallen to a third of what it was in 2012, and we unpack some of the motorist preferences in the major metros.
Lightstone Star Reacher F&I Awards programme
Talking about what’s hot in the market, if you are an F&I Manager competing in the Lightstone Star Reacher F&I Awards programme, then have a look at the tips we are sharing that can help you increase your score. We are already halfway through Quarter Two, so there’s no better time to remind yourself of the many ways you can increase your score!
Know Your Customer
Finally, have a look at our Know Your Customer article to see how, during a time when identity fraud is on the rise, you can obtain and verify customers’ identification in less than a minute during the onboarding process – and how this can help you in the Lightstone Star Reacher F&I Awards programme.
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