DAVID FURLONGER: The vehicle sales guessing game
How big will the 2023 new vehicle market be? The jury’s still out
07 July 2023 - 06:00
Who’d be a motor industry analyst? Halfway through 2023, and it’s still not clear what direction the new vehicle market is taking. Gravity-defying demand has some experts predicting a bigger market than expected. On the other hand, Toyota South Africa’s sales and marketing head, Leon Theron, said recently that the company was reducing its January forecast of a 570,000-plus full-year market.
June’s sales figures, published this week by Naamsa, once again exceeded most expectations. A market of 46,810 cars and commercial vehicles was 14% higher than the 441,052 of June 2022. ..
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