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Naamsa warns that the recent US tariffs could harm South Africa's automotive industry, threatening jobs and investment in a sector already facing significant challenges.
South Africa's automotive sector demonstrates remarkable resilience with a 31. 1% surge in export sales and 12. 5% growth in domestic vehicle sales, even as it faces challenges from new 25% import tariffs imposed by the Trump administration. Industry leaders remain cautiously optimistic while government officials seek discussions with US authorities
The Automotive Business Council (Naamsa) on Monday reported that aggregate domestic new vehicle sales in February 2025 totalled 47 978 units, reflecting an increase of 3 229 units, compared to the 44 749 vehicles sold in February 2024
otus Holdings demonstrates resilience with a 2% dividend increase and 3% growth in headline earnings, despite challenging market conditions. The automotive giant maintains a 20. 3% market share in South Africa while adapting to shifting consumer preferences towards pre-owned vehicles.