Drop in vehicle sales shows challenge facing domestic market
The government’s automotive master plan needs market demand to grow at home and abroad
01 July 2019 - 19:22
A 1.6% drop in new-vehicle sales in June may not match the recent “gloomy” 2019 full-year forecast by National Association of Automobile Manufacturers (Naamsa) executive director Mike Mabasa, but it showed once again the challenge faced by the SA motor industry to turn around the fortunes of its domestic market.
The government’s automotive master plan, which aims to double SA vehicle production and motor industry employment by 2035, needs market demand to grow both at home and abroad. The latter is already delivering...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.