Cautious optimism after new vehicle sales continued rebound in February
Latest figures show 47,978 vehicles were sold last month, 7.3% more than the 44,723 of February 2024
03 March 2025 - 15:22
UPDATED 03 March 2025 - 20:00
Cautious optimism about growth in new-vehicle sales may be strengthening but it’s too soon to talk confidently of sustainable market recovery, WesBank marketing head Lebo Gaoaketse said on Monday.
Figures released by motor industry association Naamsa showed that 47,978 cars and commercial vehicles were sold last month. That was 7.3% more than the 44,723 of February 2024. After two months of 2025, aggregate sales of new vehicles totalled 94,968 — 9.5% more than the 86,746 at the same stage last year. This growth comes on top of a strong final quarter of 2024...
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