SA vehicle industry sales in moderate decline for February

In the SA motor industry, year-on-year growth in total aggregate new vehicle sales declined modestly in February compared to the sales levels of the corresponding month last year, according to the latest figures from the National Automobile Manufacturers of SA (Naamsa). The new car market experienced pressure during February - and at 34 414 units reflected a decline of 1 976 units (-5.4%) compared to the 36 390 new cars sold in February last year. Domestic sales of new light commercial vehicles (LCVs), bakkies and mini buses, at 14 879 units, reflected a marginal improvement of 127 units (0.9%) compared to 14 752 last year. Sales of vehicles in the medium (MCV) truck segment, at 910 units, saw a decline of 20 units (-2.2%). But, in the case of heavy trucks (HCVs) and buses, at 1 611 units, this segment saw a strong gain of 207 units (14.7%).