Johannesburg – South Africa’s new vehicle sales rose 0.7% year-on-year in December to 51 461 units, data showed on Wednesday.
Export sales fell 22.1% to 21 833 cars.
While new car sales in November dropped by 2.5% compared to the same period last year, South Africa’s major banks were reporting an increase in used car sales.
Figures released by National Association of Automobile Manufacturers of SA (Naamsa) on Tuesday showed new car sales in November declined by 2.5% compared to November last year.
However, industry sales in all segments increased by 0.9% in November.
In November Nedbank’s economic unit predicted only modest vehicles sales for 2015.
“The outlook for vehicle sales into 2015 remains modest due to weak economic growth, fragile confidence, still high inflation and weak household finances,” it said in a statement.