Following a significant 25.9% drop in new-vehicle sales in 2009, compared with sales in 2008, on the back of a global recession, the local market strengthened with increases in sales of 24.7% in 2010, 16.1% in 2011 and 9% in 2012. Last year, growth slowed to 3.2%, to 650 620 units.
The National Association of Automobile Manufacturers of South Africa expects only a small increase in new-vehicle sales for an “extremely challenging” 2014, at 652 000 units, owing largely to expected higher-than-inflation car price increases as the rand continues to fall against major currencies, and marginal improvement in the South African economy.
Creamer Media’s Automotive 2014 report provides an overview South Africa’s automotive industry over the past 12 months. The report provides insight into production, local demand, vehicle imports and exports, sector support programmes, competitiveness and investment in the sector, labour issues, environmental consideration and the major original equipment manufacturers in South Africa.
This report draws from material published over the past 12 months and is a summary of other sources of information published in Engineering News and Mining Weekly, as well as of information available in the public domain. This report does not purport to provide an analysis of market trends.
To purchase a copy of the report, click here.