A Look At The Operating Environment For The Vehicle Sector

Michael Mabasa- Ceo – Naamsa – National Association Of Automobile Manufacturers Of South Africa More evidence of the impact of the corona virus on the local economy is emerging. The 5 week lockdown has resulted in new vehicle sales falling to an all-time record low in April with both domestic and export numbers ending in three digit figures.In a development widely expected as factories closed doors and production halted, the National Association of Automobile Manufacturers of South Africa (NAAMSA) revealed that total sales plunged by a whopping 98.4% from last year’s 36 787, to a mere 574 this year.