October new-vehicle sales up 4.6%, Porsche follows in Merc, BMW footsteps
New-vehicle sales in October increased for the fifth month in a row, improving by 4.6% on sales in the same month last year, to reach 51 037 units.
Passenger car sales carried the market in October, with all other segments in decline.
Sales numbers released by the Department of Trade and Industry on Wednesday show that new passenger car sales grew by 7.9%, to 35 316 units.
Sales of new light commercial vehicles, bakkies and minibuses, at 13 376 units, dropped by 1.7%.
October sales of new medium trucks, at 668 units, declined by 3.2%.
New heavy truck and bus sales decreased by 5.1%, to 1 677 units.
New-vehicle exports declined by 8.3%, to 28 229 units.
The National Association of Automobile Manufacturers of South Africa (Naamsa) on Wednesday described October’s sales gain as “encouraging”.
“The improvement was despite the continued difficult economic environment compounded by political and economic policy uncertainty.”
Naamsa expected sales to improve by around 1.5% in 2017 compared with 2016.
The association said new vehicle exports were negatively affected by the impact of a massive storm in Durban, which affected operations at the Durban Port and at Toyota’s Durban plant.
“Hopefully, new-vehicle exports will show an improvement in the last two months of 2017 on the back of the normalisation of Durban Port operations and recovery of production by Toyota Motors South Africa.”
Naamsa also noted that Porsche had, from October, declined to provide sales statistics by segment, with only a single sales number available.
This makes the German brand the fourth company to do so, following in the footsteps of BMW, Mercedes-Benz and Chinese car maker Great Wall Motors.
Comments
The
content
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?
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