The JSE was up 0,82% at midday on Tuesday as advances in the platinum and resource sectors added support. However, financial and bank stocks had started to weigh. By noon, the JSE’s platinum mining index advanced 2,14%, resources gained 1,75% and the gold mining index edged up 0,08%.
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/ 4 February 2008
Sales of new vehicles were down by 9,4% in the first month of the year to 47 296 sold compared with the 52 212 sold in January last year, the National Association of Automobile Manufacturers of South Africa said on Monday. New car sales were down to 30 483, or 14,6%, in January this year compared with 35 687 sold in the same month last year.
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/ 23 January 2008
The number of black buyers of vehicles has doubled in the past five years, making up 34% of South Africa’s largest vehicle lender Wesbank’s book from 17% in 2003, it said on Wednesday. However, Wesbank painted a grim picture for the vehicle market in the next 12 months.
South African new vehicle sales dropped by 15,1% to 41 813 units in December compared to the same month in 2006, the National Association of Automobile Manufacturers said on Wednesday. Including sales from Associated Motor Holdings — total sales were 44 926 vehicles in December.
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/ 4 December 2007
South Africa’s new vehicle sales dropped by 13,8% to 47 707 units in November compared with the same month last year, the National Association of Automobile Manufacturers (Naamsa) said on Tuesday. Naamsa said trading conditions remained under severe pressure mainly due to higher interest rates and record high household debt levels.
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/ 2 November 2007
South African vehicle sales fell by 5,9%, or 3 423 units, year-on-year in October to 54 387 units with the decline driven by the passenger-car market, new data showed on Friday. Sales data showed that aggregate sales for the first ten months of the year were 3,5% lower than the same time last year.
Sales of new vehicles plunged over the past month, says the National Association of Automobile Manufacturers of South Africa. Association members reported 50 084 new vehicles sold during September this year, compared with 57 599 sold during the same month the year before. The 13% drop was a ”significant decline”, the association said in a statement on Tuesday.
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/ 4 September 2007
South African new vehicle sales declined by 3% to 58Â 040 units year-on-year in August as higher interest rates weigh on the passenger car sector. This was the fifth consecutive month of lower sales, but the National Association of Automobile Manufacturers said the August figure was only slightly down on the record sales for the same month last year.