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SA automotive sector thriving despite looming US tariffs
Cape Times
|April 02, 2025
March new vehicle sales were the best since March 2023, nudging the 50 000-unit volume
THE automotive industry has expressed confidence that it would be resilient enough to withstand the 25% import tariffs imposed by the Trump administration in the US on automotive new vehicle sales, alleged by 12.5% in March.
This comes after export sales for new vehicles recorded an impressive increase of 9 354 units, or 31.1%, reaching 39 477 vehicles in March, which is 15.7% higher than March 2023 exports.
The Automotive Business Council Naamsa on Thursday said this marked the best export growth in several months, signalling renewed momentum in South Africa's global trade position.
Domestic new vehicle sales also surged, with aggregate sales reaching 49 493 units - an increase of 5 504 units, or 12.5%, compared to March 2023, on the back of subdued inflation and earlier monetary policy easing.
Diese Geschichte stammt aus der April 02, 2025-Ausgabe von Cape Times.
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