New vehicle sales surge 30%

New vehicle sales have surged 30% year-on-year in September to 54 364 units from 41 825 units in the corresponding period last year, according to the National Association of Automobile Manufacturers of South Africa (Naamsa).

The association noted however that sales during the corresponding month last year had been severely depressed by stock shortages as a result of industrial action throughout the industry at the time.

Total domestic sales in the year to date remained 16.2% ahead of the corresponding nine months in 2010.

New passenger car sales rose 26.2% to 37 832 from 29 981. The association said the new passenger car market had again received support from strong demand by car rental companies with the car rental industry accounting for 21.4% of total new car sales.

“The strength of the new car market in September 2011, could be attributed to a number of factors, including ongoing improvement in the financial position of consumers on the back of relatively low interest rates, further improvement in vehicle affordability in real terms and the positive influence of aggressive marketing and sales incentive programmes during the month,” Naamsa said.

Out of 54 364 vehicles sold, 77.8% units represented dealer sales, 15.9% represented sales to the car rental industry, 3.5% sales to government and 2.8% represented industry corporate fleet sales.

Exports of South African-produced motor vehicles rose 106.9% to 25 933 compared with the strike-affected total of 12 534 a year ago.

New light commercial vehicles, bakkies and minibuses gained 41.5% year on year in September to 14 006 from 9 897 a year ago.

For the first nine months of 2011, new light commercial vehicle sales were ahead by 10.9% compared to the corresponding period last year.

Sales of medium commercial vehicles rose 38.4% to 854, while heavy trucks and buses grew 25.7% to 1 672.

Total year to date sales of medium, heavy commercials and buses remained 24.6% ahead of the corresponding nine months of last year.

Naamsa said the latest sales figures had exceeded industry expectations and were cause for optimism. The new car market for 2011 was likely to show an improvement of about 15%, in volume terms, on the 2010 figures. — I-Net Bridge

Subscribe to the M&G

These are unprecedented times, and the role of media to tell and record the story of South Africa as it develops is more important than ever.

The Mail & Guardian is a proud news publisher with roots stretching back 35 years, and we’ve survived right from day one thanks to the support of readers who value fiercely independent journalism that is beholden to no-one. To help us continue for another 35 future years with the same proud values, please consider taking out a subscription.

Related stories

Indians in South Africa, a historical excerpt

In the book, The Indian Africans, academic Kiru Naidoo explores the society of colonial Natal in the late 1800s to early 1900

A colossus with feet of clay

South Africa is disproportionately targeted by cybercriminals. Digital attacks call for digital solutions and technology is a the prime weapon in this fight

The president, the preacher and the great escape

Malawi’s new president was furious after Shepherd Bushiri’s dramatic disappearance from South Africa

Patel: South Africa on target to attract R1.2-trillion in investments

The trade minister says the country is on track to reach more than R1-trillion worth of investments over five years, despite Covid-19 disruptions

South Africa must revisit and refresh its idea of itself

Covid has propelled citizens into feelings of a new shared identity in which the historical force of ‘whiteness’ is fading into irrelevance

Institutions of higher learning should commemorate their casualties

The bust of Matikweni Nkuna at Tshwane University of Technology is an example of how we should honour those who fought for equal access to education

Subscribers only

Dozens of birds and bats perish in extreme heat in...

In a single day, temperatures in northern KwaZulu-Natal climbed to a lethal 45°C, causing a mass die-off of birds and bats

Q&A Sessions: Frank Chikane on the rainbow where colours never...

Reverend Frank Chikane has just completed six years as the chairperson of the Kagiso Trust. He speaks about corruption, his children’s views and how churches can be mobilised

More top stories

Eskom could be fined R5-million over pollution at Kendal power...

The power utility is being taken to court by the Minister of Environment, Forestry and Fisheries in a first-of-its-kind criminal prosecution

Hope grows on Durban beachfront

Ten homeless men who turned a vacant lot into an organic vegetable garden are now reaping the rewards of their toil

Shabnim Ismail bowls her way into the record books Down...

The night before Australia’s Women’s Big Bash League (WBBL) final, fiery South African fast bowler Shabnim Ismail lay awake pondering how...

Hawks make arrest in matric maths paper leak

Themba Daniel Shikwambana, who works at a printing company, was granted bail and is due to return to court in January

press releases

Loading latest Press Releases…