Vehicle sales reflect dismal picture

New vehicle sales ended 2008 on
a dismally weak note, according
to the National Association of
Automobile Manufacturers of SA
(Naamsa).
“December monthly sales
were normally the lowest in
any calendar year and aggregate
new vehicle sales during
December 2008 at 32 765
vehicles (including vehicles not
reported in detail to Naamsa)
reflected a massive decline
of 12 162 vehicles or a fall of
27.1% compared to the total new
vehicle sales of 44 927 units
during the corresponding month
of December 2007.
“On a market segment basis,
vehicle sales during December,
2008 (with the exception of
the small volume bus sector)
registered sharp declines in
every segment relative to
the corresponding month of
December 2007.”