Car Sales | Decline in annual new vehicle sales in September: Billy Tom

The Automotive Business Council released September's car sales figures this week. And noted a decline in annual new vehicle sales. 44,081 new vehicles were sold in the month, down 4.1% on September 2023, while export sales came in at 21,964 units - down from the 35,499 vehicles exported in September last year. The Automotive Business Council says the first half of the year was a tough period, given the macro-economic back drop, but that with interest rates looking to come down on a cumulative basis, it's hopeful the fortunes of local car manufacturers will improve. To discuss the dynamics influencing and affecting the sector, I'm joined by Billy Tom, he's the President of NAAMSA and Isuzu Motors SA CEO. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.