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2014-11-04 07:21

SA VEHICLE SALES BACK ON TRACK: Naamsa says October 2014 new vehicle sales were up 4.7% on the previous October - and exports were at a record high. Image: Facebook

JOHANNEBURG, Gauteng - Sales of new vehicles in South Africa increased by 4.7% in October over the same month in 2013 but exports set a record.

The National Association of Automobile Manufacturers of SA (Naamsa) reported: "Domestic sales were 59 262, an improvement of 2654, despite subdued economic growth and pressure on people’s income.

“Of the total reported 59 262 sales, 77.2% were through dealers, 14.3% to the rental industry, 4.3% to the state and 4.2% to corporate fleets.”


Export sales reached a record 32 165, 7973 (33%) more than the strike-affected export total of October 2013.

Naamsa said October 2014 was the second month of the year in which monthly new car sales registered year-on-year growth and the "star performance" was by domestic sales of new light commercials, bakkies and minibuses - up 14% (15 827) over the previous October.

Medium and heavy trucks, at 889 and 1880 units respectively, showed a mixed performance. Medium commercials declined by 110 units (11%), heavy trucks and buses improved by 177 units (10.4%).

Naamsa commented: "The improvement in domestic new vehicle and export sales was most encouraging but it’s advisable to retain a cautious outlook about the performance of the automotive sector for the balance of 2014 and into 2015.”

Read more on:    johannesburg  |  good news

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