Win with TomTom!

Be a part of our 2014 Tyre fitment survey and stand a chance to a win a TomTom Runner GPS watch. Enter now!

Win with Mitsubishi Mirage!

To coincide with the launch of its Mirage hatchback, Mitsubishi is giving away two Mirages with insurance for a year!

Car sales keep on climbing

2012-12-05 07:18

MOVING METAL: Overall year-on-year new car and commercial vehicle sales rose by 7.3% in November 2012.

 
JOHANNESBURG - Overall year-on-year new car and commercial vehicle sales rose by 7.3% in November 2012, the National Association of Automobile Manufacturers of SA has reported.

Another 3636 units were sold by the industry, pushing vehicle sales to 53 636 for November 2012 from 49 498 for the same period in 2011.

'PERFORMANCE POSITIVE'

"Total domestic sales for the first 11 months of 2012 remain 9.8% ahead of the corresponding period 2011," Naamsa added. Export sales registered a substantial increase of 8088 (39.5%).

“Despite signs of weakness in the economy,” Naamsa claimed, “the performance of the SA automotive sector continues to be positive.”

Low finance charges, strong replacement demand, a highly competitive trading environment, attractive sales incentives and new models continue to support domestic sales and domestic sales are on track for growth of around 10% over 2011.

Negative factors that could influence the new vehicle market over the medium term include a slowing economy, rising inflation and a weak rand.

The modest new vehicle price increases experienced through 2010 and 2011, Naamsa said, might not be sustainable. "The outlook for 2013, at this stage, is one of modest growth in vehicle volume terms -- probably in the range of six to eight percent.”

NEXT ON WHEELS24X

Read Wheels24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining

Inside Wheels24

COMPETITION

Win with TomTom!

Be a part of our 2014 Tyre fitment survey and stand a chance to a win a TomTom Runner GPS watch. Enter now!

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