NEW CAR SALES: MAY 2020
The Federal Chamber of Automotive Industries (FCAI) has released new vehicle sales statistics for May 2020, which show a continuation of the steep decline in sales witnessed in April this year. Across the nation, 59,894 vehicles were sold during May 2020. This represents a 35.3 per cent reduction in sales when compared to the May 2019 figure of 92,561 vehicles. The May total sales figures also represent the largest drop in May sales since VFACTS statistics began recording in 1991. Tony Weber, chief executive of the FCAI, said the automotive… Read more