From 317K to 633K: South Africa’s auto industry shows resilient growth over 26 years

  • South Africa has doubled from 317,000 units in 1999 to approximately 600,000 units in 2024.
  •  Major peaks were recorded in 2006 (588K), 2016 (616K), and 2018 (632K), while noticeable declines occurred in 2009 (374K) and 2020 (447K), reflecting global economic shocks.
  • South Africa remains one of the leading vehicle producers in Africa, manufacturing a wide mix of passenger cars, light commercial vehicles (LCVs), trucks, and buses/coaches.
  • The industry plays a critical role in exports, employment, and industrial development, making South Africa an automotive hub on the continent.

South Africa’s vehicle production has shown remarkable resilience and growth over the past 25 years. Starting at just over 317,000 units in 1999, production steadily expanded, surpassing the 600,000 mark by 2018 and maintaining strong output levels despite global downturns such as the 2009 financial crisis and the 2020 pandemic dip.

By 2024, production stood at 600,000 units, approximately, effectively doubling the country’s automotive output since 1999. In this data, South Africa’s automotive sector covers passenger cars, light commercial vehicles (LVC), trucks, and buses/coaches, reinforcing its position as one of Africa’s most productive and diversified vehicle manufacturing hubs.

The country’s ability to sustain growth and recover from shocks underscores its strategic importance to Africa’s industrial landscape, with strong links to both domestic markets and international exports.

Source:

Source: International Organization of Motor Vehicle Manufacturers

Period:

1999-2024
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China dominated global vehicle production in 2024; South Africa and Morocco emerged as Africa’s strongest performers, producing over 1M combined
  • China built 31.3M vehicles in 2024, more than the U.S. and Japan combined, and over one-third of global output.
  • The U.S. and Japan are still major players, but each produced less than half of China’s volume.
  • India, rising with 6.0M vehicles, is cementing its place as a global automotive powerhouse.
  • Europe’s strength: Germany leads with 4.1M units, supported by Spain, France, and the Czech Republic.
  • Brazil, Thailand, and Turkey demonstrate strong regional growth.
Africa’s contribution:
  • South Africa (21st, 0.59M units) is the continent’s top producer.
  • Morocco (23rd, 0.56M units) follows closely. Combined, they reflect Africa’s small but developing presence in the global auto industry.

VinFast’s EV deliveries leapt by nearly 300%, contrasting with declines from Tesla and Rivian
  • Tesla led global EV deliveries in Q1 2025 with 336,681 vehicles, maintaining its top position despite a year-over-year decline.
  • Tesla and Rivian reported significant drops in deliveries —12.92% and 38.46% respectively, while other EV manufacturers saw increases.
  • Tesla's decline has been partially attributed to public backlash against CEO Elon Musk’s controversial political involvement.
  • Rivian's drop was linked to reduced demand, particularly in its core Los Angeles market, which was affected by recent wildfires.
  • VinFast saw a 300% surge in deliveries, growing from 9,689 to 36,330 vehicles, driven largely by strong performance in Vietnam.
  • Tesla, Rivian, and Lucid are U.S.-based EV manufacturers; NIO is Chinese, VinFast is Vietnamese, and Polestar is Swedish.

Tesla experienced steady growth in automotive revenue over the past decade, but this trend reversed in 2024 with a 6.49% decline
  • Tesla recorded its highest automotive revenue in 2023, reaching an impressive $82.4 billion.
  • In 2024, Tesla’s automotive revenue declined for the first time, with a 6.49% drop compared to the previous year.
  • Despite the decline in automotive revenue, Tesla’s total revenue grew by 0.95%, indicating resilience in other business segments

Over the past 10 years, Tesla has seen a continuous increase in EV deliveries, until a slight 1.11% decline in 2024
  • In 2024, Tesla delivered a total of 1,789,226 vehicles, marking its first year-over-year delivery decline (1.11%) since 2015.
  • Tesla’s highest annual deliveries occurred in 2023, with 1,808,581 vehicles delivered.
  • Of the total vehicles delivered in 2024, 1,704,093 were Model 3 and Model Y, while 85,133 were other models, including the Cybertruck.
  • The Cybertruck officially launched in late 2023, with production ramping up through 2024.
  • Both Model Y and Model 3 received notable upgrades in 2024, enhancing performance and interior features.

Tesla sees a 9.23% decline in revenue while VinFast surges 149.81% between Q1 2024 and Q1 2025
  • Tesla remains the EV manufacturer with the highest revenue, generating approximately $19 billion in Q1 2025.
  • Among companies that exclusively produce EVs, Tesla was the only one to report a year-over-year revenue decline between Q1 2024 and Q1 2025.
  • Tesla's decline has been partially attributed to public backlash against CEO Elon Musk’s controversial political involvement.
  • VinFast not only achieved a 300% increase in vehicle deliveries but also recorded the highest revenue growth, up 149.81% year-over-year.
  • VinFast’s strong performance was largely driven by robust sales in Vietnam, its largest market.
  • Despite a 38.46% drop in EV deliveries, Rivian posted a 2.99% year-over-year revenue increase between Q1 2024 and Q1 2025.
  • Tesla, Rivian, and Lucid are U.S.-based EV manufacturers; NIO is Chinese, VinFast is Vietnamese, and Polestar is Swedish.

2.2 million units of fully electric vehicles to be sold in Africa by 2027
As of 2021, there were 400 fully electric vehicles sold in Africa, which is expected to reach 2,200 by 2027. By 2027, Africa will only account for approximately 0.02% of fully electric vehicles sold worldwide.   Global sales of electric vehicles are projected to hit 13.33 million by 2027, up from 4.6 million in 2021, indicating a significant increase in the shift from petroleum product-powered vehicles to electronic ones.

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