Vehicle exports for the first half of year currently reflects a massive decline of 40,3% compared to the same period last year. The performance of vehicle exports over the course of 2020 remains linked to the duration of the COVID-19 pandemic and its impact on the health of the global economy. Economic activity has declined drastically in countries and regions where lockdowns have been enforced and the recovery time frame is difficult to predict.
With the entire motor industry easing into full operation from 1 June 2020 and with the domestic automotive industry’s major export destinations starting to ease their lockdown restrictions, vehicle export numbers are anticipated to start gaining momentum again.
Download below the full NAAMSA Media Release and June 2020 industry New Vehicle Sales.