Total vehicle sales in South Africa fell 26.3 percent year-on-year to 33,515 units in August of 2020. It was the lowest level of vehicle sales for an August month since 2002, as the country faces its biggest economic contraction in almost nine decades due to the coronavirus pandemic. Compared to the previous month, vehicle sales rose 3.7 percent, helped by the easing of lockdown restrictions to level 2.
Total Vehicle Sales in South Africa averaged 40122.58 from 1994 until 2020, reaching an all time high of 65689 in August of 2006 and a record low of 574 in April of 2020. This page provides the latest reported value for - South Africa Total Vehicle Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Total Vehicle Sales - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: NAAMSA, South Africa
Total Vehicle Sales in South Africa is expected to be 35000.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Total Vehicle Sales in South Africa to stand at 38700.00 in 12 months time. In the long-term, the South Africa Total Vehicle Sales is projected to trend around 40000.00 in 2021 and 45000.00 in 2022, according to our econometric models.