The growth was driven by passenger cars which last month retailed 29,545 units to gain 20.6% over June 2021. However light commercials, bakkies and minibuses declined 20.8% to 8,877 units, largely due to the unavailability of SA’s longtime best-selling vehicle, the Toyota Hilux.
Sales of medium and heavy truck segments respectively grew to 697 units (+1.5%) and 1,900 units (+9.2%).
Industry body Naamsa said the market performance was inspiring considering ever-increasing challenging market conditions.
“The buying down trend is continuing apace, which is evidenced by the strong performance of Suzuki in the market, bearing in mind that its model line-up falls into the small vehicle category,” said Dommisse.
“The categories for smaller cars, SUVs and crossovers are gaining new entrants virtually every month, which means buyers are generally able to strike favourable deals in such a competitive market.”
Considering several upside risks to the economy and the inflation outlook, the new vehicle market delivered an upbeat performance during the month of June 2022, said Mikel Mabasa, CEO of Naamsa.