Total vehicle industry sales for February totaled 48 149 units as reported by NAAMSA. The overall industry was 8.1% down versus February 2015, which is consistent with the year to date decline of 7.6%. Passenger car sales for the month were down 6.1% vs February 2015 with sales to rental companies partially offsetting the declining sales through the dealer channel. Light Commercial Vehicle (LCV) sales were down 13.1% in February, however we expect some recovery in LCV sales in March with new … [Read more...] about New vehicle sales expected to decline further
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2016 New vehicle sales decline predicted
With the substantial weakness in the currency and the pressure of household debt, the latest Vehicle Pricing Index (VPI) report released by TransUnion reveals that new vehicle price inflation in South Africa continued to slow in the fourth quarter of 2015, as economic pressure weighed heavily on the pockets of both consumers and businesses. The vehicle financial registration data analysed by TransUnion shows the ratio of new to used vehicles financed has marginally reduced from 1.76 (that is … [Read more...] about 2016 New vehicle sales decline predicted
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Economic pressure drives high demand for used vehicles
The latest Vehicle Price Index (VPI) report released by TransUnion, a trusted provider of global information solutions for assessing and managing risk, shows the effect of continued economic pressure on the pockets of consumers. Used car price inflation showed an increase of 2.41% in Q2 2015, up from 0.58% on a year-on-year basis, while new car price inflation has softened from 7.01% to 5.35% in Q2 2015. This trend highlights the increasing demand for used cars and is further evidenced by the … [Read more...] about Economic pressure drives high demand for used vehicles
East Cape to target defective visitor vehicles
The Eastern Cape has developed a special plan for the festive season, which is set to improve road safety. Speaking at the provincial launch of the 2013/14 festive season Arrive Alive campaign in Lubhasi village on Wednesday, Transport, Roads and Public Works MEC, Thandiswa Marawu, said the plan was aimed at keeping unroadworthy vehicles out of the province. "We have developed a special plan for this season, which mainly focuses on cross-border operations in order to avoid a situation of … [Read more...] about East Cape to target defective visitor vehicles
