New-vehicle sales are 18.8% up compared to the first two months of 2021
Toyota recorded its largest market share to date and the Corolla Cross was the country’s best-selling passenger car. Picture: SUPPLIED
The growth-positive national budget was good news for business and consumers with a cut in corporate income tax, accommodating adjustments in personal income tax brackets and no hike in the fuel or Road Accident Fund levy, said the Naamsa automotive business council which represents SA’s motor industry.
The strong momentum in new-vehicle sales may also be affected by the escalating geopolitical tensions due to the Russian invasion of Ukraine.
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