Attractive sales incentives which support new vehicle demand
New-vehicle sales in August increased by 6.7% to 49 222 units, compared with the same month last year.
Sales numbers released by the Department of Trade and Industry show that new passenger car sales jumped by 5.4% to 32 161 units.
Sales of new light commercial vehicles, bakkies and minibuses, at 14 834 units, also showed positive momentum, gaining 10.8%.
New heavy truck and bus sales increased by 6.1% to 1 594 units.
It was not all good news, however.
August sales of new medium trucks, at 633 units, dropped by 13.9% in the domestic market.
New-vehicle exports also fell, declining by 12.9% to 29 927 units.
The National Association of Automobile Manufacturers of South Africa (Naamsa) notes in a statement that the domestic automotive industry “continues to hold up relatively well in the current difficult economic environment”.
The association says the August new-vehicle market was assisted by reduced new vehicle pricing pressure, overall lower inflationary trends, as well as the recent cut in interest rates, all serving to provide some relief for consumers.
“Attractive sales incentives also supported demand.”
Naamsa says it anticipates the overall new-vehicle market for 2017 to be at levels similar to those recorded in 2016, with the possibility of an improvement of between 1% and 1.5% – based on domestic sales over the last two months.
Comments
Research Reports
Projects
Latest Multimedia
Showroom
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
