Auto Insights | June 2022
A winning June on the road
While new vehicle sales are climbing, there are less vehicles on the road and they’re getting older! It appears contradictory but our two main stories tell you just how this is the case.
New vehicle sales climb despite multiple challenges
In New vehicle sales climb despite multiple challenges we analyse the data provided by naamsa which suggests the market is on track to grow by 12% in 2022. But despite this healthy situation, we are in reality playing catch up after the last real boom in new vehicle sales between 2005-8.
Declining new vehicle sales leads to less – and older – vehicles on the road
In Declining new vehicle sales leads to less – and older – vehicles on the road, we explain the contradiction.
Young and mobile
June is of course Youth month, and Young and mobile suggests South Africans under 35 are increasingly opting for Sectional Title properties and Crossover vehicles.
Assessing the contribution of big OEMs to SA’s new
Changing preferences is also the focus of Assessing the contribution of big OEMs to SA’s new vehicle sales, and we set out to see if indeed 20% of unique derivatives account for 80% of vehicles sold, and whether we can see changes at the top of the sales league table anytime soon.
EchoMBR Ranking Awards
Talking about winners, in EchoMBR Ranking Awards, we’re delighted to announce the Top Overall MBR in the country and the winner of the second and third spots.
Winners shine bright
And staying with winners, the 2021/2022 Lightstone Star Reacher F&I Awards were recently announced at an elegant prize-giving ceremony at Monte De Dios in Pretoria – and you’ll find all the details in Winners shine bright.
Enjoy the read!
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