FX.co ★ South Africa's February Vehicle Sales Slow Down to 7.3% YoY Growth

In a surprising turn for the South African automotive market, total vehicle sales saw a marked deceleration in February 2025. The year-over-year growth rate reached 7.3%, a significant drop from the 10.4% recorded in January 2025, according to the latest data updated on 03 March 2025.

This slowdown reflects a cooling trend following a vigorous start to the year. Earlier in January, vehicle sales surged, benefitting from a strong momentum that seemed to capture the residual energy of the previous year. However, February's figures suggest potential headwinds, possibly hinting at consumer caution or market saturation.

Economists will be closely watching these numbers for deeper insights into consumer confidence and broader economic conditions. As the South African market continues to adjust, the automotive sector's performance could serve as a chime indicating the health and direction of the local economy in the months ahead.