A pause in the interest rate hiking cycle in July led to an increase in motor trade sales for the month
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
Motor trade sales increased by 16.6% in December with the biggest contributors being new vehicle sales, fuel sales and workshop income
If metal in metal-free fuel sounds crazy, it is – courtesy of the energy department
Each year the average South African loses R7 100 in productivity because they’re stuck in traffic, according to navigation company TomTom.
South Africa’s GDP growth has been only 0.7% in the third quarter of 2013, the slowest pace in more than four years.
BMW has lost 13 000 cars in production, missed supply targets and taken a decision to stop expansion into South Africa following the four-week strike.
South Africa’s automotive industry will see less investment in manufacturing if labour disputes continue, according to the carmakers’ association.
Thirty-thousand workers across South Africa have brought several plants to a standstill in pursuit of a 14% annual wage increase.
South African vehicle sales growth will probably ease to the slowest pace since the 2009 recession this year because of a weaker economy.
New vehicle sales rose by 8% year-on-year in April to 38 566 units, the National Association of Automobile Manufacturers said on Wednesday.
Affordability looks good, but beware long finance contract periods — try to buy a vehicle you can pay off quickly.
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/ 12 January 2011
Vehicle sales are up, but South Africans are showing a preference for more affordable cars.
How much will you be forking out for the latest government tax when you buy a new car?
Motor vehicle industry employment levels remained under pressure during the first quarter of 2009, Naamsa said on Friday.
South African new vehicle sales in April 2009 were down 43,1% year-on-year (y/y) compared with a fall of 30,3% y/y in March.
The motor manufacturing industry lost 2 566 jobs in 2008, the National Association of Automobile Manufacturers of South Africa said on Wednesday.
High levels of indebtedness and continued global volatility have stifled consumers’ appetites for buying big ticket items such as cars.
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/ 11 February 2009
Finance minister Trevor Manuel outlined in his budget speech on Wednesday a multimillion-rand plan to assist the country’s struggling motor industry.
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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.
South African new vehicle sales continued to decline in December, falling 27,1% compared with December 2007, it was reported on Friday.
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/ 14 November 2008
New car and light commercial vehicle sales were expected to remain under severe pressure until the middle of 2009, Naamsa said on Friday.