The month of November this year in South Africa displayed impressive resilience for the new car market, considering the hardships caused by the COVID-19 pandemic. On top of this, first interest rate hike in three years, consecutive fuel price hikes, a new variation on the pandemic theme, and the return of load shedding didn’t deter sales too much.
As WesBank reveals, the top six cars sold in South Africa over November 2021 is as follows:
- Toyota Hilux – 2 558
- Volkswagen Polo – 1 890
- Toyota HiAce – 1 789
- Toyota Corolla Cross – 1 757
- Isuzu D-Max – 1 666
- Volkswagen Polo Vivo – 1 608
The introduction of the Corolla Cross, which is built locally just like its peers on that list, only took place last month which makes this a highly impressive debut in South Africa.
Overall, the market’s resilience continued, recording 41 588 sales during November according to Naamsa. This represents a 6,6 per cent growth over the same period last year and a marginal improvement (553 units) over October. Year-to-date, the market has recorded 428 131 sales, up 24,8 per cent on 2020’s 342 956 figure.
The passenger car market increased 9,4 per cent to 27 828 units. Dealer sales in the segment grew similarly by nine per cent, injecting much-needed confidence into the retail network’s sustainability as well as an indication of consumer confidence.
The Light Commercial Vehicle segment declined marginally (-0,8 per cent) to 11 156 units with dealer channel sales slightly higher (0,2%) than November last year. While the rental market once again provided a robust 4 771 sales across both segments, the current travel bans are likely to have an impact on this sector going into next year.
Vehicle exports continued their five-month downward trajectory in line with the ongoing COVID-19 related supply chain disruptions impacting on vehicle production and exports as well as the impact of a severe COVID-19 fourth wave in parts of Europe, a key export market for domestic vehicle manufacturers. Prospects over the short to medium term, however, remain positive as vehicle exports are anticipated to benefit from various new model introductions by major vehicle exporters in 2021 and 2022 as well as increased demand linked to the favourable economic conditions abroad.