Covid-19 Financial Interventions & Updates

Reflecting on the new vehicle sales statistics for the month of November 2020 naamsa said that, although the gradual monthly gains in sales growth by volume in the new vehicle market continued during the month, the year-to-date situation remained depressed. Aggregate...

“New vehicle sales in South Africa are slowly picking up but not at 2019 levels yet. We are not out of the woods yet. While vehicle exports are making a steady comeback, we remain cautiously anxious about the reports of a COVID-19 second wave across Europe which could...

Moody’s in October said it expects global auto sales to fall 20 percent in 2020, with a healthy 11.5% percent rebound in 2021. Regardless of the forecasts, recovery in the automotive supply chain is likely to be slow and businesses may remain under strain as buyers...

The entire motor industry was able to resume full operation in June 2020 under the current COVID-19 country lockdown restrictions. Although markedly up from the previous two months, the new vehicle market continued to remain under severe pressure. Vehicle exports for...

Although export sales, at 10 819 units, registered a big fall of 19 333 units or a decline of 64,1% compared to the 30 152 vehicles exported in May last year, this was an improvement on April 2020 considering that many of the vehicle manufacturers will only commence...

Uitenhage plant restarts production in line with Level 4 lockdown regulations 100-point plan implemented to protect employees on site Uitenhage – Following a gradual ramp-up of its local production, the Volkswagen Group South Africa (VWSA) plant in Uitenhage has...