Sa Vehicle Sales Rise In January, Export Market Expands

Vehicle sales in South Africa increased by 10.4 in January compared to the same period last year, according to the National Association of Automotive Manufacturers Naamsa.

Naamsa also reported a rise in vehicle exports, with an increase of nearly 6 025 units compared to January 2024.

The sector's positive start to the year follows an interest rate cut of 25 basis points, adding to optimism ahead of the upcoming State of the Nation Address.

Naamsa CEO Mikel Mabasa says South Africas export market continues to grow.

"That export market is definitely growing and is encouraging because it shows that South Africa promotes high-quality vehicles that are sought after throughout the world, and I think our exports will grow further into new markets, particularly in Africa. Thats a new virgin territory, and SA has an opportunity to position itself greatly in these markets, where we have never traded before," says Mabasa.