Car sales spike by 12.6% in June

New vehicle car sales have increased by 12.6% in June 2011 in comparison to same period in 2011, the latest figures released by the National Association of Automobile Manufacturers of South Africa (Naamsa) signalled on Monday.

In June 44880 new cars were sold, as opposed to the 39874 units sold in June 2010.

New cars sold in the first half of 2011 showed an encouraging spike of 15%, when compared with the first half of 2010.

Although the number may seem encouraging, Naamsa is warning future sales in 2011 will be put under pressure by rising costs.

“We are slightly worried about the inflationary outlook as the rise in the cost of living will bear down on the pace of growth in new sales in the motor industry sector,” Norman Lamprecht, executive director at Naamsa told the Mail & Guardian.

Nickolaus Bauer

Nickolaus Bauer

Nickolaus Bauer is the Mail & Guardian's jack of all trades news reporter that chases down stories ranging from politics and sports to big business and social justice. Armed with an iPad, SLR camera, camcorder and dictaphone, he aims to fight ignorance and pessimism through written words, photographs and videos. He believes South Africa could be the greatest country in the world if only her citizens would give her a chance to flourish instead of dwell on the negativity. When he's not begging his sub-editors for an extra twenty minutes after deadline, he's also known to dabble in the occasional poignant column that will leave you mulling around in the depths of your psyche. The quintessential workaholic, you can also catch him doing sports on the weekday breakfast show on SAfm and presenting the SAfm Sports Special over the weekend. Read more from Nickolaus Bauer

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