Sales data provides a fascinating snapshot of the competitive landscape in the automobile industry
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In addition to inflation and high interest rates, the real value of salaries declined by 2.9% in 2022 and are set to drop by 0.8% this year
The economy grew for the fourth consecutive quarter, but the country is playing catch-up to its peers
The firm believes the second-hand vehicle business will thrive in a post-Covid world
New data has shown that the manufacturing sector has contracted for the fifth month in a row, while new vehicle sales came under pressure yet again.
The trade deficit unexpectedly shrunk to R6.5-billion in May as fewer vehicle imports offset the drop in platinum exports.
The industry association has said that sales unexpectedly dropped in August compared with figures from a year before.
New vehicle sales improved by 25% in February compared with the same month in 2010.
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/ 2 November 2010
South Africa’s new vehicle sales jumped 22,2% in October from the previous year, as interest-rate cuts since late 2008 boosted demand.
SA’s total industry new vehicle sales increased by 20,07% year-on-year to 43 591 units in March, Naamsa said on Tuesday.
SA’s total industry new vehicle sales increased by 20,5% year-on-year to 39 312 units in February, Naamsa said on Tuesday.
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/ 2 February 2010
SA’s new vehicle sales rose in the year to January, the first annual increase in 33 months, marking a turnaround in a sector hit by depressed demand.
Sales of new vehicles in May were down 34,7% year-on-year (y/y), compared with a fall of 43,1% y/y in April, figures showed on Tuesday.
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/ 6 February 2009
The SA vehicle industry has approached the government for loans to help curb job losses as it struggles with a domestic and global economic downturn.
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/ 2 February 2009
New vehicle sales for January were the worst in the past eight years, the National Association of Automobile Manufacturers of SA said on Tuesday.
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/ 9 December 2008
North America is not the only significant car market affected by a recent slump in sales.
South African new vehicle sales fell 18,1% in September compared with the same month last year.
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/ 8 September 2008
The 100 000th Land Rover Freelander 2 recently rolled off the company’s production line at Halewood on Merseyside, north west England.
South African new-car sales for June were the lowest since 1999. Ray Leathern looks at an automotive industry struggling to stay buoyant.