Age of the consumer drives down car sales

2015-05-04 16:55

The age of the consumer “in terms of choices and options” is upon us, a banking expert said on Monday after results showed falling sales figures in the automobile industry.

New vehicle sales will hit a ceiling in 2015

2015-03-25 13:30

Any increase from current levels will only be possible in an environment where SA's GDP expands at much higher levels, says Wesbank's Simphiwe Nghona.

New car sales show consumers under pressure

2015-03-16 15:40

The consumer driven new car market continues to experience pressure on a year-on-year basis, according to the latest industry review.

January car sales down after robust December

2015-02-02 15:58

South Africa's new vehicle sales fell 1.2% year-on-year in January to 52 306 units, driven down by about a 10% reduction in rental sales, data from the trade department shows.

Motor trade sales tick up

2014-10-16 13:50

Motor vehicle sales in nominal terms has increased by 1.8% year-on-year in August, according Statistics SA.

New vehicle sales drop by 1.3%

2014-09-01 17:25

New vehicle sales have dropped by 738 in August, compared to the same month last year, the National Association of Automobile Manufacturers of SA says.

New vehicle sales slightly lower

2014-08-01 16:00

Data from the trade and industry department shows new vehicle sales fell 1.5% to nearly 58 000 units in July.

Vehicle sales continue to decline - bank

2014-07-09 05:00

WesBank says consumers are looking at used cars for better value as the country's new vehicle market continues to decline.

More bad news for SA economy

2014-06-03 05:00

The decline in vehicle sales by 9.2% is another sign that the economy is losing momentum, warns the National Association of Automobile Manufacturers of SA.

New vehicle sales fall

2014-05-02 14:40

New vehicle sales fell year-on-year in April, data from the trade and industry department show.


Ford recall because door could 'fly open'

2015-04-27 12:33

Ford has issued a safety recall for certain models due to a door latch issue that creates the potential for a door to unlatch while driving.

Youth no longer view cars as status symbols

2015-03-17 16:36

There has been a significant shift in how consumers view cars and millennials do not feel the need to own a car the way their parents did, says an expert.

Vehicles sales up 1.1% yr-on-yr in February

2015-03-02 20:07

New vehicle sales have risen 1.1% year-on-year in February to 52 368 units, data from the trade department has showed.

Uptick in used car sales

2014-12-02 19:55

South Africa's major banks are reporting a rise in used car sales, but new car sales have dropped as rand weakness lifts prices.

Rand treads narrow path

2014-09-01 19:13

The rand has traded largely flat against the dollar in a lacklustre session, with weak domestic economic fundamentals likely to keep the currency under pressure.

New vehicle sales drop

2014-08-01 17:13

Naamsa says new vehicle sales has dropped by 1.5% in July, compared to July last year and said strikes had made a significant impact.

Dip in vehicle sales

2014-07-17 14:19

Annual motor trade sales fell by 1.1% year-on-year in May, with the biggest negative growth rates recorded for new vehicle sales and used vehicle sales.

New vehicles sales drop 2.3%

2014-07-01 13:58

South Africa's new vehicle sales have fallen to 52 837 units in June, according to data from the trade and industry department.

New vehicle sales fall

2014-06-02 15:31

South Africa's new vehicle sales have fallen year-on-year in May, data from the trade and industry department show.

Consumers shift focus to home buying

2014-04-20 13:46

One of the constraining factors for vehicle sales in SA may be a shift towards a greater focus on home buying by the household sector, says an expert.

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