Slight uptick in sales in April
- Industry News
- 3 May 2024
Dealer industry news from around Southern Africa
The new vehicle market trend of five consecutive months of decline in year-on-year sales at the end of last year has continued into 2024.
The “dreaded Januworry” seems to have affected new vehicle sales in the first month of 2024, according to the National Automobile Dealers’ Association (NADA).
Isuzu Trucks celebrates its 11-year reign as the number one brand in South Africa's cab-over-chassis’ medium and heavy commercial vehicle (MCV and HCV) segments.
Mercedes-Benz South Africa (MBSA) has announced the appointment of Dr Phumzile Mlambo-Ngcuka (photo) as an Independent Non-Executive Director, effective from 1 February 2024.
Soon another Chinese automotive manufacturer will see its products on South African roads with an agreement between GAC Motor and Salvador Caetano Auto on the distribution of vehicles, spare parts and services in South Africa.
Hino South Africa has set an ambitious target to grow its sales volume by 15% to 3 800 units in 2024, compared with the 3 300 units it retailed in 2023. This is in pursuit of a market share of 10% in the overall South African truck market forecast of 34 800 units in 2024.
The National Automobile Dealers’ Association (Nada) is cautiously optimistic about the outlook for the local automotive industry in 2024.
Itumeleng “Tumi” Seage has been appointed General Manager at Hino South Africa reporting to Anton Falck, Vice President for Hino SA.
At Toyota South Africa Motors’ (TSAM) seventh instalment of the State of the Motor Industry (Somi) event held at Kyalami, the manufacturer showcased some exciting new products earmarked for the local market.
The National Automobile Dealers’ Association (Nada) has noted the South African Reserve Bank’s (SARB) decision to maintain current interest rates.
Absa and Cars.co.za have partnered to take South Africa’s most authoritative automotive industry awards, the Cars.co.za Consumer Awards, into the future.
Foreign carmakers that have been losing market share to local rivals in China have boosted exports from the world's largest auto market, accounting for more than a fifth of the country's total vehicle exports last year, industry data showed.
The automotive business council, naamsa, recently released the 2023 new vehicle statistics and for the fourth consecutive year, Mercedes-Benz Trucks claimed the market leader position for heavy commercial vehicles, reaffirming why the Mercedes-Benz Actros won the naamsa Extra-Heavy Commercial Vehicle of the Year award in 2023 in South Africa.
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