The National Association of Automobile Manufacturers of South Africa warns that there is a likelihood of further near-term global supply chain disruptions to new vehicles in South Africa.
Naamsa found that over the course of December 2022, Toyota remained the most in-demand car brand for South Africans despite its Durban factory suffering from severe flooding. “The geopolitical conflict in Ukraine resulted in further supply chain disruptions and have inflated prices and the availability of strategic products and inputs.”
According to Elliott, cash-strapped consumers frequently bring in their outdated vehicles for maintenance.interest rates expected to hike once againIn its latest brief on December 2022’s new vehicle sales statistics, Naamsa said that despite multiple national and international headwinds, the South African motor industry’s post-pandemic recovery continued, albeit at a slightly slower pace than in 2021.