South Africa Total New Vehicle Sales y/y

South Africa, ZAR
Importance
Low
Sector:
Business
Source:
National Association of Automobile Manufacturers of South Africa (NAAMSA)
-0.9%
5.8%
-3.8%
Last release
Actual Act
Forecast Fcst
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-2.6%
-0.9%
Next release
Forecast Fcst
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Total New Vehicle Sales y/y measure a change in the number of vehicles sold by South African retailers in the reported month compared to the same month a year ago.

The automotive industry makes a significant contribution to the country's GDP and employment, so the indicator reflects the state of the economy. The indicator growth demonstrates consumption growth and a favorable economic situation in the country. The index growth can have a positive effect on ZAR quotes.

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