South Africa’s vehicle market continues to perform unevenly, reflecting the impact the hard lockdowns are having on the economy. New vehicle sales in September were 16% up on September last year, but Light Vehicle sales being down on 2020, and the global semi-conductor shortage is just starting to make itself felt on sales in SA.
The uneven performance is also evident in both Lightstone’s LIVE scans and Signio applications to the end of September, as our stories in this newsletter demonstrate.
While the tough conditions are affecting the sale of new vehicles, used vehicles are the beneficiaries – as our second story points out, our Lightstone Used Vehicle Value Retention Index reached an all-time high for one-year-old vehicles in October this year.
And there’s a lot more in this issue. Happy reading!