While demand for passenger vehicles improved slightly, light commercial vehicle sales weighed the overall market down in 2024. Picture: SuppliedThe South African new vehicle market has yet to recover to pre-pandemic levels, with 2024 having seen a 3.0% year-on-year decline.
Passenger vehicle sales totalled 351,302 units in 2024, an increase of 1.1% versus 2023, with strong support from the rental car industry having provided a boost in the latter part of the year. “Additionally, lower fuel prices have bolstered consumer confidence and disposable income as petrol prices were at the lowest point they have been in nearly three years in 2024.”
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