Spike in vehicle sales may not be sustainable

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High interest rates and soaring food and fuel prices are likely to dampen consumer demand in future

Enjoy it while it lasts. That was the message from motor industry executives at the weekend after a surprisingly strong new-vehicle sales performance in June.

Figures released on Friday by Naamsa show that sales of new cars and commercial vehicles last month totalled 41,018. That was 7.8% higher than the 38,131 of June 2021. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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