South African Automotive PC+LCV 2018 Market Review
- The South African car market (PC+LCV) was almost stable in 2018, with registrations falling by 1.1% to 525,000 units from 531,000 in 2017. The South African market remains far from its record years , particularly 2006 (714,000 units) or even 2013 (620,000 units).
- With the slowdown in global economic growth, the South African automotive market is expected to continue to decline to less than 500,000 units in 2019.
- While Australia imports all its new vehicles from foreign countries, South Africa has a local automotive industry, with 580,000 vehicles leaving its factories in 2018 (compared to 550,000 in 2017), and almost all of the country's registrations are supplied by this local production. Seven factories supply the local market. They are owned by Toyota, Volkswagen, Renault-Nissan, GM, Ford, Daimler, BMW, and account for 90% of sales in South Africa.
- The market leader remains the Toyota group with its Hilux (40,000 sales) and Corolla (17,000 sales) models, a situation like that of Australia. The Toyota group has a 25.2% share of the South African market. Next come the Volkswagen (18.1% of the market) and Renault-Nissan (15.3%) groups. The American groups Ford and GM, formerly leaders in the South Africa , are falling behind. GM even abandoned this market last year.
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