Exports, new-vehicle sales both down in May

In a double whammy for the South African automotive industry, new-vehicle sales contracted yet again in May, with exports also putting in a negative performance for the first time this year. The South African new-vehicle market declined by 5.7% in May, to 40 506 units, compared with the same month last year. The newest sales numbers, released on Monday, showed that May new-passenger car sales dropped by 1.4%, to reach 26 170 units.