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2013-01-10 08:41

MORE THAN 600 000 VEHICLES SOLD: South Africa’s vehicle sales figures for 2012 passed 600 000 units with a projected 7.3% (45 545) increase for 2013.

JOHANNESBURG - The National Association of Automobile Manufacturers has reported that 46 016 vehicles were sold in December 2012, an improvement of 825 on the previous year.

The new vehicle market recorded a year-on-year increase of 7.6%, which was supported by a strong demand from car rental companies, a sector which accounts for 14.3% of total sales.

R182-BILLION INDUSTRY

Vehicle exports increased substantially.

Naamsa director Nico Vermeulen said 2012 sales improved by 9.2% to 623 914 compared with 571 415 in 2011.

He said export sales performed well during 2012 and stood at 277 844, the second-highest annual export figure on record.

Vermeulen said: "Overall 2012 turned out to be a year of relatively solid growth. New vehicle sales generally, and new car sales in particular, performed well above initial expectations despite a slowing economy."

SALES TO INCREASE IN 2013?

He said motor industry-related sales turnover had grown by about 11% and reached R182-billion in 2012. New vehicle export sales were estimated to have added a further R52bn to total industry revenue.

Vermeulen said South Africa's track record as a car manufacturer was now firmly established with vehicle exports currently destined for 148 international markets.

Total industry exports were projected to reach about 361 000 units during 2013, he said.

On the assumption that the South African economy would grow by 3% in 2013, Naamsa projected an increase of 7.3% in vehicle domestic sales.

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