August exports of motor vehicles rose substantially compared to the equivalent month last year. Exports were up by 10 405 vehicles, which is 33.5% higher than August 2022. Vehicle exports for the year to date are over 12.4% ahead of the same period last year.
Sales for medium and heavy truck segments of the industry reflected a positive performance during the month – and at 702 units and 2 374 units, respectively, showed an increase of two units, or 0.3% in the case of medium commercial vehicles. Heavy truck and bus sales increased by 223 vehicles, reflecting a gain of 10.4% against the corresponding month last year.
The August 2023 new passenger car market, at 28 951 units, registered a decline of 2 064 cars, or a loss of 6.7%, compared to the 31 015 new cars sold in August 2022. The car rental industry supported the new passenger car market during the month and accounted for 16.2% of sales in August2023.
Domestic sales of new light commercial vehicles, bakkies and minibuses, at 13 652 units during August 2023, recorded an increase of 363 units, or a gain of 2.7%, from the 13 289 light commercial vehicles sold during August 2022. Source: National Association of Automobile Manufacturers of South Africa (Naamsa)/ The Automotive Business Council.
As South Africa celebrates a remarkable 33.3% increase in vehicle exports this August compared to the previous year, SAVIE (South African Vehicle Import and Export) emerges as a key player in navigating this thriving automotive industry. SAVIE, a sub-division of FATS (Forwarding African Transport Services), specializes in simplifying the import and export of vehicles to and from South Africa.
SAVIE offers a comprehensive suite of services, making vehicle export and import processes hassle-free. Whether you’re exporting your vehicle abroad or importing one into South Africa, SAVIE provides expert guidance. They handle paperwork, logistics, compliance, and even assist with VAT reclamation, helping individuals and businesses capitalize on the growing vehicle export market.
In a market where vehicle exports are booming, SAVIE is your reliable ally, committed to making your vehicle import or export experience seamless. By partnering with SAVIE, you can confidently explore the opportunities presented by the surging demand for South African vehicles in the global market. Visit their website today to learn more and streamline your vehicle trade endeavors with their expertise at www.savie.co.za