Naamsa noted that the September 2022 new passenger car market had registered an increase of 9,7% compared to new cars sold in September 2021. The car rental industry supported the new passenger car market during the month and accounted for a solid 18,9% of sales in September 2022.
September 2022 was by far the worst month of the year in terms of the cumulative amount of load-shedding. The higher stages of load-shedding seem to have an amplified negative impact on production and the South African economy as a whole. The global economy has entered a period of persistently high inflation and weaker economic growth impacting demand, said Naamsa.
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