Drop in vehicle sales shows challenge facing domestic market
The government’s automotive master plan needs market demand to grow at home and abroad
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...