High tariffs and the lack of infrastructure are hampering the adoption of EVs in South Africa
Nearly half of all African vehicle sales are made in South Africa
‘In tough times, consumers tend to generally keep their cars for longer, or downgrade’
The industry association has said that sales unexpectedly dropped in August compared with figures from a year before.
Thirty-thousand workers across South Africa have brought several plants to a standstill in pursuit of a 14% annual wage increase.
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South Africa’s total new vehicle sales increased by 10.5% year-on-year to 42 617 units in April with Naamsa predicting modest growth in 2012.
September’s vehicle sales rose 30% compared to the same period last year, in a boost attributed partly to low interest rates and aggressive marketing.
New vehicle sales are increasing compared to this time last year, but car manufacturers say the rising cost of living means the boom wont last.
New vehicle sales took a knock in May, the National Association of Automobile Manufacturers of South Africa has revealed.
New vehicle sales domestically improved by 23% in March, compared to the same month in 2010, Naamsa said on Monday.
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/ 2 February 2011
SA’s new vehicle sales increased by 18,6% year-on-year in January, the National Association of Automobile Manufacturers of SA said on Wednesday.
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/ 10 January 2011
New vehicle sales in December improved by almost 30% compared with the previous year, the National Association of Automobile Manufacturers of SA says.
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/ 2 December 2010
South Africa’s new vehicle sales increased again in November.
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/ 2 September 2010
New vehicle sales rose 36,9% to 46Â 377 year-on-year in August from 33Â 875 in the corresponding period in 2009.
New vehicle sales recorded a mixed performance for July 2010 with gains in new car sales but signs of weakness in new light commercial vehicle sales.
South Africa’s total industry new vehicle sales increased by 20,7% year-on-year in June to 39 931 units.
SA’s total industry new vehicle sales increased by 20,07% year-on-year to 43 591 units in March, Naamsa said on Tuesday.
There were signs of hope in the South African automotive sector for modestly better domestic sales in 2010.
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/ 2 December 2009
November new passenger car sales figures point to ”slow but improving rates of growth during the new year”, an economist said on Wednesday.
South Africa’s total industry new vehicle sales declined by 19,5% year-on-year to 35 931 units in September, Naamsa said on Friday.
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.
February held no relief for embattled new vehicle manufacturers, sales statistics released on Tuesday showed.
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/ 2 December 2008
SA new vehicle sales declined by 28,3% in November compared to the same month last year, in another sign that interest rates are taking their toll.
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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.
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/ 4 November 2008
SA new vehicle sales plunged 30,1% year-on-year in October as deteriorating consumer confidence added to the strain of higher interest rates.
The asset finance industry is experiencing rising levels of arrears and bad debt as consumers begin to feel the pinch.
South African new vehicle sales decreased by 21,9% year-on-year to 39 062 units in June, it was reported on Wednesday.
Over 50 vehicle dealerships across the country have shut up shop since the beginning of the year because of plunging sales, according to industry.
New vehicle sales dropped 23,4% in May, the National Association of Automobile Manufacturers of South Africa said on Tuesday. ”Domestic new car, light and medium commercial vehicle sales reflected severe weakness during May 2008,” the association said.
South African new vehicle sales declined by 2,8% to 42 359 units in April compared with the same month last year, the National Association of Automobile Manufacturers (Naamsa) said on Tuesday. Naamsa said sales fell further from a low base in April last year when sales were lower than normal.
Aggregate industry new vehicle sales totalled 47 778 units for March, the National Association of Automobile Manufacturers of South Africa said on Wednesday. This was a decline of 10 103 units, or 17,5%, compared with the 57 881 vehicles sold during the corresponding month last year.
New vehicles sales are continuing to decline, the National Association of Automobile Manufacturers of South Africa (Naamsa) reported on Tuesday. New vehicle sales fell by 12% to 46 248 units in February compared with the same month last year, Naamsa said.