Vehicle exports rose strongly in November
November new-vehicle sales ticked up 0.9%, to 51 098 units, compared with the same month last year.
New-vehicle export sales, at 28 021 units, were much stronger, gaining 9.9% compared with November last year.
The eleventh month of the year also delivered a surprise in the decision by Mercedes-Benz South Africa to no longer supply model-specific sales data to the Department of Trade and Industry, as is the case with a host of imported vehicle brands.
This means that all segmental analysis done by the National Association of Automobile Manufacturers of South Africa (Naamsa) in the foreseeable future will be based on estimated, historical numbers for the German brand, the industry body notes.
November new-car market data suggests ongoing pressure at retail dealer level. New passenger car sales, at 33 278 units, declined by 2.5%, compared with the 34 123 new cars sold in November last year.
“Some consolidation in the new-car market was expected following the exceptionally strong sales recorded during the month of October, when 40 663 new cars were sold,” says Naamsa.
Sales of new light commercial vehicles, bakkies and minibuses, at 15 076 units, were up 10.8%, compared with November last year.
Estimated sales of medium trucks, at 1 061 units, declined by 0.9%. Estimated heavy truck and bus sales, at 1 683 units, were down 7.9%.
Naamsa says it remains conservative in its sales outlook for the balance of 2014 and into 2015.
“Subdued economic growth, past increases in interest rates and above-inflation new- vehicle price rises result in a difficult trading environment, particularly at franchise dealer level.”
However, the association expects a further improvement in export numbers over the remainder of 2014, as well as in the new year.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
