January new-vehicle sales off to a flying start, but component shortages likely to remain – NADA
The South African motor industry remains buoyant despite the disappointing state of the local economy, says National Automobile Dealers’ Association (NADA) chairperson Mark Dommisse.
January new-vehicle sales of 41 382 units showed a 19.5% increase over sales in the corresponding month last year.
“Franchised dealers were responsible for 84.2% of these sales, which gave them a flying start to a year that promises to build on the upward trend experienced in 2021,” notes Dommisse.
“What is amazing is that these heartening figures were delivered despite shortages of some models due to ongoing component shortages, particularly semiconductors, which are likely to be with us for most of this year. This shortage of product also means that few manufacturers or distributors are offering incentives to buyers, making January’s performance even more impressive.
“Rising interest rates and fuel prices will obviously have some impact on the market in 2022, but generally the outlook is brighter than at the same stage last year when [Covid-19] lockdown regulations were more stringent,” says Dommisse.
“January was interesting in that we saw better new-car stock availability than in recent months, but with lower stock levels of good used cars,” adds NADA vice-chairperson Alex Boavida.
“However, this month should not be seen in isolation, and we need to monitor the new-car versus used-car situation in the months ahead to see the actual trend.”
Boavida also notes that some sectors in the luxury segment of the car market improved in January, such as Mercedes-Benz doubling its monthly sales compared with the averages seen in the third and fourth quarters of last year.
“Another good example is Porsche which reported 204 units sold – a 114% increase on the figure in December. Sales of other luxury brands seem to be stabilising, but no massive recovery in this portion of the market is expected in the short term.”
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.
VISIT SHOWROOM
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
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
