Sales of new vehicles dropped by 9.2% to 49‚465 units in May compared with the same period a year earlier. New vehicle export sales saw an even bigger decline of 40.5% to 15‚613 units on an annualised basis.
Naamsa said that the South African economy was losing momentum and risked moving into recession.
"The decline in first-quarter gross domestic product to negative levels‚ the dramatic decline in the purchasing managers' index - particularly the business activity and employment index components - the sharp rise in producer inflation and the worsening trade deficit‚ all confirmed the advent of a more difficult economic environment.
"As a result‚ the domestic automotive market was likely to continue to face obstacles over the short- to medium-term‚" Naamsa said.
"New vehicle sales‚ at 32‚984 units‚ reflected a fall of 11.3% compared with the 37‚191 new cars sold in May last year‚" Naamsa said.
Domestic sales of new light commercial vehicles‚ bakkies and mini-buses fell 5.1% compared with the corresponding month last year.
"Sales of vehicles in the medium and heavy truck segments of the industry reflected a mixed performance‚ with medium commercial vehicle sales showing a decline of 14.4%‚ while heavy trucks and buses registered an improvement of 4.3%‚" Naamsa said
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