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South African new vehicle sales improved by 5181 (11.7%) in November over the same month in 2010 with aggregate domestic sales at 49 499.
The National Association of Automobile Manufacturers of SA said on Friday: "Low interest rates, declining real-terms vehicle prices, a competitive trading environment and new model introductions should support domestic sales over the medium term.
EXPORTS UP - AND DOWN
"Growth is, however, anticipated at a more subdued rate in line with the overall performance of the South African economy.”
Total year-to-date domestic new vehicle sales remained 16% ahead of 2010 and YTD exports were up 17% though November’s exports, at 20 480, were 28% down on the same month in 2010.
November sales of new light commercials, bakkies and minibuses, at 14 125, were up by 1534 over November 2010.
The National Association of Automobile Manufacturers of SA said on Friday: "Low interest rates, declining real-terms vehicle prices, a competitive trading environment and new model introductions should support domestic sales over the medium term.
EXPORTS UP - AND DOWN
"Growth is, however, anticipated at a more subdued rate in line with the overall performance of the South African economy.”
Total year-to-date domestic new vehicle sales remained 16% ahead of 2010 and YTD exports were up 17% though November’s exports, at 20 480, were 28% down on the same month in 2010.
November sales of new light commercials, bakkies and minibuses, at 14 125, were up by 1534 over November 2010.