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South African vehicle sales increase 1.5% in July 2024, while European electric vehicle sales decline.
South Africa's vehicle sales saw a 1.5% increase in July 2024, marking a potential turning point for the industry, while new car sales in the UK rose 2.5% year-on-year in July.
However, the European auto industry faces a decline in electric vehicle sales, with the UK and Germany reporting weak demand.
In Germany, auto industry business expectations deteriorated to -18.3 points in July, as carmakers reduce output at high-cost factories.
South Africa's new vehicle market still lags behind by 6.3% compared to the first seven months of 2023.
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Las ventas de vehículos en Sudáfrica aumentan un 1,5% en julio de 2024, mientras que las ventas de vehículos eléctricos en Europa disminuyen.