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Cape Town – Sales of new passenger vehicles in August 2016 saw a huge decline compared to the same period in 2015.
The decline has been attributed to price increases, exchange rate weakness and vehicle production inflation, reports the National Association of Automobile Manufacturers of South Africa (Naamsa).
Overall, 46 146 passenger cars were sold compared to 50 985 in 2015.
READ: New vehicle sales - Top-selling bakkies in SA
Naamsa said: "Domestically, the short to medium term outlook was one of low economic growth and further pressure on consumers’ disposable income.
“Double digit new vehicle price increases, as a result of exchange rate weakness and vehicle production inflation of 14.8% for the first seven months of 2016, relatively high interest rates, low levels of consumer and business confidence - would combine to further pressurize sales of new motor vehicles, particularly new cars.”
READ: SA new vehicle sales: Best-selling locally built cars, bakkies
Of the total reported Industry sales of 46 146 vehicles, an estimated 37 345 units or 80.9% represented dealer sales, 15.0% represented sales to the vehicle rental industry, 3.1% represented industry corporate fleet sales and 0.9% sales to government.
Volkswagen's Polo Vivo remains SA's best-selling car with 2702 sold, followed by its sibling the standard Polo, 2105 units, in second.
Top passenger cars: August 2016
1 Volkswagen Polo Vivo - 2702 units
2 VW Polo - 2105
3 Toyota Corolla/Auris/Quest - 1351
4 Toyota Fortuner - 1235
5 Toyota Etios - 1188
6 Ford Fiesta - 1069
7 Ford EcoSport - 1033
8 Renault Sandero - 607
9 BMW 3-Series - 509
10 Toyota RAV4 - 475
Top passenger cars: August 2016
1 Volkswagen Polo Vivo - 2702 units
2 VW Polo - 2105
3 Toyota Corolla/Auris/Quest - 1351
4 Toyota Fortuner - 1235
5 Toyota Etios - 1188
6 Ford Fiesta - 1069
7 Ford EcoSport - 1033
8 Renault Sandero - 607
9 BMW 3-Series - 509
10 Toyota RAV4 - 475