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New vehicle sales improved by 25 percent in February, compared to the same month in 2010, the National Association of Automobile Manufacturers of SA (Naamsa) said.
"Aggregate industry sales had improved by 9880 units or 25.2 percent to 49 164 vehicles from 39 284 units in February last year (2010)," Naamsa said in a statement.
"... In particular, new car as well as medium and heavy commercial vehicle sales had registered exceptional gains compared to the corresponding month last year," it said.
Total industry sales for the first two months of 2011 were 22 percent ahead of the corresponding two months in 2010.
"Attractive special incentive packages offered by a number of manufacturers/importers during the month of February 2011 also contributed to the rise in sales volumes," Naamsa said.
GAINS ALL AROUND
Of the new vehicle sales for February, 80 percent were dealer sales and 10 percent represented sales to the car rental industry.
Six percent went to government and 3.5 percent to industry corporate fleet sales.
New car sales showed a "substantial improvement" of 31 percent, or 34 056 units, compared to February 2010.
AVOIDING NEW TAX
New light commercial vehicles, bakkies and minibuses improved 11 percent to 12 854 units.
"Sales also reflected an improvement of 21.8 percent compared to the previous month of January 2011 which could be attributed to some pre-emptive buying to avoid the new [carbon dioxide] tax on double-cab light commercial vehicles to be implemented from March 1, 2011."
Naamsa said sales of vehicles in the medium and heavy truck segments of the industry, with the exception of buses, continued the strong upward momentum.
Some 861 medium trucks were sold - a 46 percent gain compared to the corresponding month last year.
The heavy truck segment sold 1393 units, a 19 percent year-on-year gain.
BUILT FOR EXPORT
Exports of South African produced motor vehicles in February "registered a significant improvement".
Some 14 132 vehicles - a 78 percent increase - were sold in February compared to the same month in the previous year.
"In light of a revival in demand for South African-produced motor vehicles in foreign markets, industry export sales were expected to reach 300 000 units in 2011."
Naamsa said the outlook for 2011 remained positive.
"Domestically, new vehicle sales over the medium term would remain a function of the performance of the South African economy and, in the case of export sales, the sustainability of the recovery in the global economy," it said.
"Aggregate industry sales had improved by 9880 units or 25.2 percent to 49 164 vehicles from 39 284 units in February last year (2010)," Naamsa said in a statement.
"... In particular, new car as well as medium and heavy commercial vehicle sales had registered exceptional gains compared to the corresponding month last year," it said.
Total industry sales for the first two months of 2011 were 22 percent ahead of the corresponding two months in 2010.
"Attractive special incentive packages offered by a number of manufacturers/importers during the month of February 2011 also contributed to the rise in sales volumes," Naamsa said.
GAINS ALL AROUND
Of the new vehicle sales for February, 80 percent were dealer sales and 10 percent represented sales to the car rental industry.
Six percent went to government and 3.5 percent to industry corporate fleet sales.
New car sales showed a "substantial improvement" of 31 percent, or 34 056 units, compared to February 2010.
AVOIDING NEW TAX
New light commercial vehicles, bakkies and minibuses improved 11 percent to 12 854 units.
"Sales also reflected an improvement of 21.8 percent compared to the previous month of January 2011 which could be attributed to some pre-emptive buying to avoid the new [carbon dioxide] tax on double-cab light commercial vehicles to be implemented from March 1, 2011."
Naamsa said sales of vehicles in the medium and heavy truck segments of the industry, with the exception of buses, continued the strong upward momentum.
Some 861 medium trucks were sold - a 46 percent gain compared to the corresponding month last year.
The heavy truck segment sold 1393 units, a 19 percent year-on-year gain.
BUILT FOR EXPORT
Exports of South African produced motor vehicles in February "registered a significant improvement".
Some 14 132 vehicles - a 78 percent increase - were sold in February compared to the same month in the previous year.
"In light of a revival in demand for South African-produced motor vehicles in foreign markets, industry export sales were expected to reach 300 000 units in 2011."
Naamsa said the outlook for 2011 remained positive.
"Domestically, new vehicle sales over the medium term would remain a function of the performance of the South African economy and, in the case of export sales, the sustainability of the recovery in the global economy," it said.
