Reflecting on the New Vehicle Sales statistics for the month of November 2021 naamsa said that despite persistent economic and COVID19 fueled challenges, the new vehicle market showed some resilience as its gradual recovery continued during the month.

The November 2021 exports sales number at 19 548 units reflected a massive fall of 14 277 vehicles, or 42,2%, compared to the 33 825 vehicles exported in November 2020. For the year-to-date, vehicle exports were still 8,3% ahead of the same period last year.

Vehicle exports continued their five-month downward trajectory in line with the ongoing Covid-19 related supply chain disruptions impacting on vehicle production and exports as well as the impact of a severe Covid19 fourth wave in parts of Europe, a key export market for domestic vehicle manufacturers. Prospects over the short to medium term, however, remain positive as vehicle exports are anticipated to benefit from various new model introductions by major vehicle exporters in 2021 and 2022 as well as increased demand linked to the favourable economic conditions abroad.

Download the full media release and sales report below.