NAAMSA commented that the disappointing trend in new car sales experienced in January had continued into February, 2019. The continued lower than expected car sales had however been offset by fairly strong commercial vehicle sales numbers.
Export sales had again registered strong growth reflecting a substantial improvement of 6 202 vehicles or a gain of 22.5% compared to the 27 529 vehicles exported in February last year.
Prospects for domestic new vehicle sales, particularly the new car market, would continue to be affected by the subdued current macro-economic environment and generally pressure on household disposable income.
Overall, an improved second half performance in terms of sales was expected. Furthermore, Industry vehicle production levels would
continue to benefit from strong vehicle export sales.
See links below for the full media release from NAAMSA, February 2019 Industry New Vehicle Sales statistics and Industry Vehicle Sales – Actual vs Projections from 2000 to 2010 and from 2010 to 2020.