Johannesburg - The consumer driven new car market continued to experience pressure on a year-on-year comparative basis, according to the review of business conditions by the National Association of Automobile Manufacturers of South Africa (Naamsa) for the fourth quarter of 2014.
The investment led vehicle sectors, particularly light and heavy commercial vehicles, however, reflected positive improvements.
"Following four successive years of growth in new vehicle sales - 2010 to 2013 – 2014 new vehicle sales in South Africa recorded a slight year-on-year decline," according to Naamsa.