New-vehicle sales down 6.9% in January, exports drop 21.9%

1st February 2016

By: Irma Venter

Creamer Media Senior Deputy Editor

  

Font size: - +

January new-vehicle sales fell by 6.9%, to 48 615 units, compared with the same month last year.

Statistics released by the Department of Trade and Industry on Monday showed that the domestic new passenger-car market declined by 6.1%, to 34 936 units, compared with 12 months ago.

The car rental industry accounted for 24.6% of new-car sales in January.

Sales of new light commercial vehicles, bakkies and minibuses, at 12 074 units, fell 8.3%, while sales of medium trucks, at 531 units, dropped 15.6%.

New heavy truck and bus sales declined by 12.5%, to 1 074 units.

January also proved a poor month for exports, noted the National Association of Automobile Manufacturers of South Africa (Naamsa).

Export sales, at 13 057 units, unexpectedly declined by 3 652 units, or 21.9%, compared with January last year, largely owing to “logistics and shipment capacity constraints”.

“A substantial increase in new-vehicle exports is expected to materialise from March onwards,” said Naamsa.

The industry body expected 2016 exports to increase by around 40 000 vehicles, or about 12%, compared with last year, to an anticipated 375 000 units.

Domestically, a number of key indicators suggested that the South African economy would, however, continue to experience a difficult year, noted Naamsa.

The association said poor economic growth prospects, new-vehicle price increases well above the inflation rate, as well as further interest rate hikes, would see the outlook for new-vehicle sales deteriorate.

Naamsa expected the domestic new car market to decline by 9% in 2016, to about 375 000 units, down from the 412 826 new cars sold in 2015.

New commercial vehicle sales were expected to perform slightly better, with an anticipated softening of between 3% and 5%.

Top Selling Cars and Bakkies in January:

1. Volkswagen Polo Vivo 3 287
2. Toyota Hilux 2 773
3. Ford Ranger 2 348
4. Volkswagen Polo 2 336
5. Toyota Corolla/Auris/Quest 1 970
6. Toyota Etios 1 937
7. Ford Fiesta 1 206
8. Nissan NP200 1 147
9. Toyota Quantum 1 010
10. Chevrolet Spark 993


Edited by Creamer Media Reporter

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION