2024 in Review: A Year of Challenges and Shifting Trends The new vehicle market in South Africa has remained intricately tied to the country’s broader economic conditions. Despite some promising signs in late 2024, the industry faced another tough year. While the last quarter showed signs of recovery, the year’s overall performance lagged behind 2023, with total new vehicle sales declining by 3% to 515,712 units. This is still below the pre-pandemic benchmark of 536,612 units achieved in 2019, highlighting the ongoing struggles of the sector. December 2024 Sales Performance…
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