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South Africa’s auto market accelerates with 19% sales jump

# The National Association of Automobile Manufacturers says August saw the strongest domestic new vehicle sales since October 2019. Sales rose nearly 19-percent year-on-year to over 51-thousand units. Passenger cars topped 36-thousand units, while exports also climbed over six-percent despite global tariff challenges. Toyota led sales, followed by Suzuki and Volkswagen. Naamsa CEO Mikel Mabasa says cheaper models, rising consumer confidence, and easier access to credit drove the growth. Mabasa is cautiously optimistic but warns rising interest rates and economic pressures may slow sales.