Car sales rise, ‘massive’ increase in exports - Naamsa

2017-08-23 06:01

SOUTH Africa’s new vehicle sales grew 4.1% in July with a total of 46 719 units sold, reports the National Association of Automobile Manufacturers of South Africa (Naamsa).

Naamsa reports that domestic new vehicle sales recorded an encouraging improvement led by new car and light commercial vehicle (LCV) sales.

The organisation reports 46 719 units sold, an increase of 1849 units or 4.1% from the 44 870 vehicles sold in July 2016.

July export sales were recorded at 35 486 vehicles, a gain of 6456 units, a massive improvement of 22.2% compared to the 29 030 vehicles exported in July last year.

IMPROVEMENT ALL ROUND

Overall, out of the total reported sales of 46 719 vehicles, an estimated 36 999 units or 79.2% represented dealer sales, 13.8% represented sales to the vehicle rental industry, 3.9% to government and 3.1% to industry corporate fleets.

PASSENGER CAR MARKET

The new car market in July reflects an encouraging turnaround and at 30 826 units sees a gain of 1791 cars or 6.2%, compared to the 29 035 new cars sold in July 2016.

The car rental industry had accounted for an estimated 18.2% of new car sales in July.

The rental industry share was understated since it excluded data for a number of automotive companies.

MODEST IMPROVEMENT FOR BAKKIES

Domestic sales of industry new light commercial vehicles (LCV, bakkies and mini-buses at 13 774 units during July, reflect a modest gain of 231 vehicles or an improvement of 1.7% compared to the 13 543 LCVs sold during the corresponding month last year.

HUGE INCREASE IN EXPORTS

New vehicle exports, as previously anticipated, at 35 486 units during July reflected a substantial increase of 6456 units or a gain of 22.2% compared to the 29 030 vehicles exported in July last year.

The momentum of vehicle exports was expected to improve further over the balance of this year.

We’ve included a full statement by Naamsa on the outlook for the SA auto industry as well as a video showcasing vehicle sales in July. - Wheels24

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