2023 car sales statistics in South Africa [VIDEO]

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According to numbers released by the National Automobile Dealers’ Association (Nada) this week, 532098 vehicles were sold in 2023, meaning a slight increase on the 529556 that were reportedly sold in 2022. According to Nada, 2023’s sales kept up with 2022 records in spite of the industry slowing down in sales volumes in the second half of the year. December car sales – at 40 329 units – was the industry’s fifth consecutive month of year-on-year declines. The silver lining came in the form of car exports, which reached record highs of 396 290 units, growing 12.7% from 2022. The motoring industry is betting on eased interest rates and inflation, in the hope that it will usher in some relief in the second half of the year, where gains could be likely.

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NEWS IN A MINUTE ON: CARS SALES DIP IN SECOND HALF OF 2023

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