New car sale figures in South Africa
South Africa has seen an increase in new car sales in recent years. This is due to a variety of factors, such as a growing economy, increased consumer confidence, and improved access to financing. Despite these improvements, the sales figures are still relatively low compared to other countries in the region.
Number of new car sold
In 2019, the total number of new cars sold in South Africa was 1,492,387. This was a 5.5% increase from 2018, and a 5.9% increase from 2017. The majority of these sales were for passenger cars, which accounted for 1,307,302 of the total sales. This was followed by light commercial vehicles at 133,341, heavy commercial vehicles at 42,236, and buses at 9,608.
The top brands in South Africa
The majority of the new cars sold in South Africa were manufactured domestically. The top three brands sold in the country were Volkswagen, Toyota, and Ford. Together, these three brands accounted for 44.9% of the total cars sold.
Price
In terms of pricing, the average price of a new car in South Africa was R380,000 ($25,815). This was up from R369,000 ($24,742) in 2018, but still significantly lower than the average price of a new car in other countries in the region such as Botswana, which has an average new car price of R642,000 ($43,040).
The rise in new car sales in South Africa
The recent years in South Africa have seen a drastic surge in car sales figures, largely due to a number of factors. The primary cause of this increase can be attributed to improving economic conditions and the rise in disposable income among citizens. This has led to a number of families being able to afford the purchase of a car, which has directly contributed to the increasing demand in the market.
The use of technology
In addition, the advancement of technology has greatly impacted the vehicle industry, making it easier for people to buy cars. Manufacturers are now able to use technology to create more efficient vehicles, which are cheaper and easier to maintain than older models. This has made it easier for people to purchase cars, further increasing the sales figures.
Role of the government
The government has also played an important role in the rise of car sales in South Africa. Through various incentives, such as tax breaks, subsidies, and other forms of support, the government has made it easier for people to buy cars, leading to greater demand.
Automative industry
Finally, the automotive industry has also contributed to the growth of car sales. Automotive companies have increased their marketing efforts and have developed innovative ways to attract customers. They have also invested heavily in research and development, making it possible to produce more reliable and efficient vehicles.
Conclusion
In conclusion, the recent surge in car sales figures in South Africa is due to a combination of factors, including improving economic conditions, technological advancement, government initiatives, and the automotive industry. All of these have played a very important role in the new price sales of cars in South Africa
