Figures released by the National Association of Automobile Manufacturers of South Africa (NAAMSA) show that South African vehicle sales dropped sharply in June. Vehicle sales in June totalled 28,374 units – 13.3% below June of last year.

NAAMSA said that sales in the month were ‘slow and difficult’, particularly following a mid-month rise in interest rates.

In the event, aggregate industry sales for June, 2002 at 28 374 units reflected a fairly sharp decline of 4 365 units or 13,3% compared to the 32 739 units sold during the corresponding month last year.

In the first half of the year sales of new cars reached 114,491 units, 3.7% below last year.

The South African car market is expected to decline in the second half of the year as the annual comparison will be against a fast running rate in the second half of last year. Car prices in South Africa are also expected to edge up further reflecting the lagged impact of rand depreciation.

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However, exports of motor vehicles remain well ahead of year-ago levels. In the first five months of 2002 aggregate industry exports were 44.5% ahead of last year.


South African vehicle exports by vehicle type (units)




Jan.-May 2001

Jan.-May 2002







10 475

10 792

33 343

49 119

Light Commercials

1 079


3 838

4 595

Medium and Heavy Commercials





Total Exports

11 610

11 806

37 318

53 922