Despite the effects of load-shedding on factories, low oil prices and stable interest rates suggest a good year ahead for vehicle manufacturers.
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.
South Africa’s industry vehicle sales has increased by 7% in January this year compared to the same month last year.
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.
Affordability looks good, but beware long finance contract periods — try to buy a vehicle you can pay off quickly.
New vehicle sales domestically improved by 23% in March, compared to the same month in 2010, Naamsa said on Monday.
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.
New vehicle sales in December improved by almost 30% compared with the previous year, the National Association of Automobile Manufacturers of SA says.
South Africa’s new vehicle sales increased again in November.
New vehicle sales rose 36,9% to 46 377 year-on-year in August from 33 875 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.
South Africa’s total industry new vehicle sales increased by 35,3% year-on-year to 39 176 units in May.
Sales of new vehicles increased in April, the National Association of Automobile Manufacturers of South Africa (Naamsa) said on Tuesday.
Local vehicle sales numbers — seen as a lead economic indicator — have been released for January.
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.
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.
New car and light commercial vehicle sales were expected to remain under severe pressure until the middle of 2009, Naamsa said on Friday.
SA new vehicle sales plunged 30,1% year-on-year in October as deteriorating consumer confidence added to the strain of higher interest rates.
