With a declining vehicle sales market and heavily subdued economy prevailing longer than anticipated, we implore the government to rapidly implement structural reform in order to stimulate economic growth and lift confidence levels of business and consumers alike, says Mark Dommisse, Chairperson of the National Automobile Dealers’ Association (NADA) which represents franchised car and commercial vehicle retailers in South Africa.
“A smaller vehicle parc and market contraction is putting strain on dealership viability, as we see consolidation in dealership footprints with a concomitant loss of jobs,” continues Dommisse, when commenting on the new vehicle sales statistics for the month of August 2019.
“Retailers continue to see interest in the pre-owned and demo segments, despite a shortage of good stock in this area,” concludes Dommisse.
- Overall Dealer sales channel for August 2019 – 37 154 new vehicles (passenger and commercial vehicles) sold on dealer floors in August 2019 (Aug 2018: 38 013) showing a -2.3% variance in sales on dealer floors compared to the same month last year)
- Cumulative year-on-year August 2019 vs August 2018 – 288 897 new vehicles sold on dealer floors year-to-date to August 2019 (2018: 300 524) showing a -3.9% decline on dealer floors year-on-year)
Also view:
Vehicle Finance, Car Insurance and Road Safety
Buying and Selling a Vehicle – Informed decisions and the Vehicle Retailer
The Online Vehicle Retail Market and Safely Selling Vehicles Online
ABOUT NADA
The National Automobile Dealers’ Association (NADA) is a professional body representing the interests of business persons who own, operate and manage new passenger and commercial vehicle franchise motor dealerships and qualifying used vehicle only outlets in South Africa. There are currently 1,326 NADA members. NADA members make up 85% of all new franchise dealerships in South Africa.
South Africa currently has approximately 1,600 new franchised automotive dealerships comprising R48-billion worth of investment. It employs 60,000 personnel directly and a further 25,000 indirectly.
NADA is a proud constituent association of the Retail Motor Industry Organisation (RMI) and has affiliations with a number of similar organisations world-wide. NADA is committed to enhancing the image of the retail motor business; facilitating the interface between dealers and the motor manufacturers and importers who supply them; building rewarding relationships between dealers and their customers; and bringing relevant issues facing its members to the attention of government at all levels.
As a major role player in the automotive industry, NADA and its members are strong supporters of complying with the Retail Motor Industry Organisation and the Consumer Protection Act’s Codes of Conduct for the Automotive Industry. In all forums, NADA is the fully representative and respected voice of the retail motor industry in South Africa.