Sales data provides a fascinating snapshot of the competitive landscape in the automobile industry This content is restricted to registered users and subscribers. Get Your Free…
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
The economy grew for the fourth consecutive quarter, but the country is playing catch-up to its peers
The firm believes the second-hand vehicle business will thrive in a post-Covid world
New data has shown that the manufacturing sector has contracted for the fifth month in a row, while new vehicle sales came under pressure yet again.
The trade deficit unexpectedly shrunk to R6.5-billion in May as fewer vehicle imports offset the drop in platinum exports.
The industry association has said that sales unexpectedly dropped in August compared with figures from a year before.
New vehicle sales improved by 25% in February compared with the same month in 2010.
South Africa’s new vehicle sales jumped 22,2% in October from the previous year, as interest-rate cuts since late 2008 boosted demand.
SA’s total industry new vehicle sales increased by 20,07% year-on-year to 43 591 units in March, Naamsa said on Tuesday.
SA’s total industry new vehicle sales increased by 20,5% year-on-year to 39 312 units in February, Naamsa said on Tuesday.
SA’s new vehicle sales rose in the year to January, the first annual increase in 33 months, marking a turnaround in a sector hit by depressed demand.
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.
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.
New vehicle sales for January were the worst in the past eight years, the National Association of Automobile Manufacturers of SA said on Tuesday.
North America is not the only significant car market affected by a recent slump in sales.
South African new vehicle sales fell 18,1% in September compared with the same month last year.
The 100 000th Land Rover Freelander 2 recently rolled off the company’s production line at Halewood on Merseyside, north west England.
South African new-car sales for June were the lowest since 1999. Ray Leathern looks at an automotive industry struggling to stay buoyant.
