Truck sales continue on steady growth path
Medium and heavy commercials sales spike in February against a slump for passenger car market
The monthly sales indicators show that although new passenger vehicle sales continue to slump, the commercial vehicle sector performed very well in February 2019. The 27,000 passenger cars sold were down 13.3% compared with the same period in 2018. However, in total 662 medium commercial vehicles were sold, a 14.3% improvement bolstered by 83 more vehicles sold. The heavy trucks sector saw 1,466 units sold, 108 units more (8% more) than the corresponding month in 2018. The entire commercial vehicle sector, which includes bakkies and minibuses, stood at 14,123 units during February 2019, which is a noteworthy improvement of 932 units, or a gain of 7.1%, from the 13,191 light commercial vehicles sold during the corresponding month in 2018. The National Association of Automobile Manufacturers of SA (Naamsa) says it expects the commercial vehicle market to continue to register growth over the medium term, while low growth in the passenger side will continue until after the general elect...