FX.co ★ South Africa Sees Decline in Vehicle Sales for April 2024

In April 2024, South Africa experienced a decrease in total vehicle sales, with numbers dropping from 44.24K in March to 38.17K in April. The latest data update on 2nd May 2024 indicates this downward trend in the country's automotive market. This decline in vehicle sales could be attributed to various factors such as economic conditions, consumer confidence, or supply chain challenges. Analysts will be observing the upcoming months to see if this trend continues or if there will be a rebound in the coming periods.