South Africa’s new vehicle market grew by an aggregate of 4.6% in October, year-on-year, according to the latest sales data from the National Association of Automobile Manufacturers of South Africa (Naamsa). While this growth appears significant, and in contradiction to the general economic sentiment, it is important to note that the dealer channel, which is much more representative of the actual performance of the market, is marginally down by 0.8%. By contrast, the car rental market showed … [Read more...] about New Vehicle Sales Continue to Show Growth
car sales
New Vehicle Sales Still Declining
September saw new vehicle sales continue declining, according to the latest sales data from the National Association of Automobile Manufacturers of South Africa (Naamsa). Only 47 399 new vehicles were sold in the past month, representing a decrease of 14.3% compared to the same period in 2015. Year-to-date, total industry sales have fallen 11.3% – close to WesBank's forecast that the market would shrink 12% in 2016. Despite September being the end of the quarter, which usually sees attractive … [Read more...] about New Vehicle Sales Still Declining
New Car Sales Slump Continues
The new vehicle industry's sales performance continued on its downward trajectory in August, according to the latest data from the National Association of Automobile Manufacturers of South Africa. Industry achieved sales of 46 146 vehicles last month, a year-on-year decline of 9.5%. Passenger sales remained weak, with a 13.1% decline, while light commercial vehicle (LCV) sales remained resilient with sales down only 1%. The majority of consumers purchase cars through the dealer channel, the … [Read more...] about New Car Sales Slump Continues
Dramatic fall in Car Sales
Public holidays in March had a major impact on new vehicle sales. The consolidated sales data from the National Association of Automobile Manufacturers of South Africa (Naamsa) reports that new vehicle sales plummeted 14%, year-on-year, with only 47 631 new vehicles being sold. Both passenger car and light commercial vehicle (LCV) sales fell dramatically, with respective year-on-year declines of 13.4% and 14%. Sales through the dealer channel were down 18%, year-on-year. Sales through the … [Read more...] about Dramatic fall in Car Sales
Car Sales Continue to Decline
February's new vehicle sales continued the decline that started in January. Total industry sales declined 8.1%, year-on-year, with 48 148 new vehicles sold through all channels. Year-to-date, the market has receded 7.6%. Passenger car sales fell 6.1%, with sales of 32 825 cars, while Light Commercial Vehicles (LCVs) tumbled 13.1% with only 13 161 new vehicles sold in this segment. Combined sales for the remainder of the commercial vehicle segment were down 5.8% and also reflected a weaker … [Read more...] about Car Sales Continue to Decline
Big Decline in New Car Sales
South Africa's new vehicle sales showed its largest decline of the year in July. According to the latest sales figures reported by the National Association of Automobile Manufacturers of South Africa (Naamsa), total market sales declined 6.1% last month. Of the 54 112 new vehicles that were sold in July, 36 506 were passenger cars – representing an 8.8%, year-on-year, decline for this segment. Light commercial vehicle (LCV) sales saw a marginal increase, with a total of 15 090 sales – a … [Read more...] about Big Decline in New Car Sales
Business drives October car sales
New vehicle sales have shown positive growth for the second month this year, according to data from the National Association of Automobile Manufacturers of South Africa (Naamsa). Total industry sales amounted to 59 384 new vehicles. Passenger car sales grew 1.6%, year-on-year, to 40 666, and Light Commercial Vehicle (LCV) sales grew substantially compared to November last year, totalling 15 827 units - growth of 14%. But while market performance looks strong, the indication shouldn't be … [Read more...] about Business drives October car sales
