Reflecting on the new vehicle sales statistics for the month of August 2019, NAAMSA confirmed that aggregate domestic sales at 45 537 units reflected a decline of 2 440 units or 5,1% from the 47 977 vehicles sold in August last year. Monthly export sales had registered further strong gains in line with industry expectations.
The August 2019 export sales number represented a new monthly record with export sales at 44 566 vehicles reflecting a further significant increase of 12 225 vehicles, or 37,8%, compared to the 32 341 vehicles exported in the same month last year. Vehicle exports for the year to date are now 48 753 vehicles or 22,9% higher than the corresponding period last year and on track to achieve another record in 2019.
Consumers and businesses remain under financial pressure and the new vehicle market is feeling the pressure of the reduced spending power with regards to vehicle purchases. On the positive side, industry vehicle production levels would continue to benefit from strong vehicle export sales.
Download the full NAAMSA press release below as well as the August 2019 Industry New Vehicle Sales.