Auto Insights | June 2021
Quarter 2 Overview
There are signs that South Africa’s retail motor sector is starting to emerge from its Covid-19 induced slump. In May 2021 naamsa reported a 7.7% increase in new vehicle sales over April, suggesting ongoing recovery in the market.
The scans on LIVE – which indicate an ‘intention to sell’ – suggest momentum in the market has recovered to pre-Covid-19 levels.
Total Signio applications were also up, 30% higher in September 2020 compared to September 2019, and after a slow start in 2021, application volumes have continued to increase and were 40.85% higher in March than in the same month last year.
The data suggests cause for optimism although the months ahead remain trapped by uncertainty caused by Covid-19’s third wave and South Africa’s slow vaccination rollout.
New vehicle sales climbing towards pre-Covid-19 levels
New vehicle sales in May 2021 were 198% (38 344 units) up on May 2020 reported naamsa. May 2020 marked South Africa’s move from lockdown level 5 to 4, and dealers were able to begin trading again in the latter stages of the month.
Automotive market regains pre-Covid momentum
South Africa’s retail motor sector is gathering momentum and activity is matching or exceeding pre-Covid-19 levels. Scans on LIVE were 61.38% higher for the five months to end May 2021.
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