SA car sales: 2016 ends on ‘a weak note’

2017-02-08 06:02

SOUTH African vehicle sales ended 2016 on a weak note with figures for December 2016 at 41 639 units recording a decline of 7 519 vehicles or a fall of 15.3% compared to the same period in 2015, reports National Association of Automobile Manufacturers of South Africa (Naamsa).

The December 2016 new passenger car market and light commercial vehicle market reflected a year-on-year drop of -14.0% in the case of cars and -17.8% for light commercial vehicles.

For the third year in succession, new vehicle sales during 2016 in South Africa recorded a year-on-year decline.

The slowdown in the domestic economy, above average new vehicle inflationary pressures, increases in interest rates, pressure on consumers’ and household disposable income and low levels of consumer confidence had contributed to a double digit decline in annual domestic sales volumes.

Aggregate sales during 2016 fell by 11.4% in volume terms to 547 442 units compared to the sales total of 617 648 in 2015.

Naamsa said: "Industry trading conditions had remained intensely competitive characterised by pressure on dealer margins." 2016 Vehicle exports represented the highest annual Industry export figure on record and total vehicle exports at 344 822 units were up on the 333 847 vehicles exported in 2015.”

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Competition regulation for a growing and inclusive economy

ADVERTORIAL: The Competition Commission of South Africa is conducting advocacy work in the South African automotive aftermarket industry and has gazetted a Draft Code of Conduct for public comment.

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.