New-vehicle sales continue to decline; exports set new record
South African new-vehicle sales continued their steady downward trend in August.
Total sales for August declined by 5.1%, to 45 537 units, compared with the same month last year.
It is clear that government is cutting back on its spending, with 1.9% of new-vehicle sales going to State institutions, compared with 2.9% a year ago, and 2.6% two years ago.
New passenger car sales exercised a big drag on the market in August, dropping by 7.6%, to reach 29 075 units.
The car rental industry accounted for 18% of new-car sales in August.
Sales of new bakkies, minibuses and vans, at 14 041 units, gained a modest 0.5%.
Sales of medium trucks, at 740 units, increased by 6.6%.
Sales of new heavy trucks and buses dropped by 9.5%, to 1 681 units.
August export sales, at 44 566 vehicles, represented a new monthly record for the South African automotive industry, increasing by 37.8%, to 44 566 units.
The National Association of Automobile Manufacturers of South Africa says vehicle exports for the year to date are now 48 753 vehicles, or 22.9%, higher than the corresponding period last year and on track to achieve a new yearly record.
“Consumers and businesses remain under financial pressure and the new-vehicle market is feeling the pressure of reduced spending power with regards to vehicle purchases,” states the association.
Top-selling cars, bakkies and vans in August:
1. Toyota Hilux 3 565
2. Nissan NP200 2 301
3. Ford Ranger 2 295
4. VW Polo Vivo 2 252
5. VW Polo 2 124
6. Toyota Hi-Ace 1 578
7. Isuzu D-Max 1 133
8. Renauld Kwid 1 098
9. Toyota Fortuner 811
10. Ford Figo 758
Top Exporters in August:
1. Volkswagen Group South Africa 15 659
2. Mercedes-Benz South Africa 8 869
3. Ford Motor Company of Southern Africa 7 032
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