supersunbird
Honorary Master
Wuling Hongguang... can't pronounce...
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The SA Vehicle Industry Thread
- Thread starter FiestaST
- Start date
Put 20 marshmallows in your mouth and then try to say "Ruling Hong Kong".
BlackMamba
Expert Member
Wuling Hongguang sounds ugly
TheChamp
Honorary Master
Ugly enough to make the top 10 it seems...
FiestaST
Honorary Master
These are SA’s top 10 vehicle exports
When General Motors announced last Thursday that it planned to disinvest from South Africa it sent shockwaves through the industry and sparked fears that the country’s motor manufacturing industry is in a downward spiral.
Although SA’s motor industry does face its fair share of challenges, its manufacturing sector remains for the most part robust and export numbers are better than they’ve ever been.
South Africa’s car manufacturers exported a record 344 822 vehicles last year and Naamsa expects that number to be improved upon this year, by up to 10 percent if favourable conditions prevail.
Let’s face it, South Africa’s new vehicle market simply isn’t big enough to support a significant manufacturing effort. During apartheid years this was overcome, to some degree, by high import duties and strict local content requirements. Today’s government instead incentivises high-volume production through the Automotive Production and Development Programme (APDP), itself a development of the previous Motor Industry Development Programme (MIDP) of 1995, which helped get SA’s export ball rolling.
Lucrative export contracts, with big volumes achieving high economies of scale, have become the lifeblood of South Africa’s car manufacturers, but what cars are we actually building here? And what kind of numbers are we shifting?
To honour South Africa’s export heroes, we’ve compiled a list of our top exports for the year so far, combining the figures for the first four months of 2017. As you’ll see below, Mercedes-Benz leads the pack by a healthy margin, exporting around 8000 C-Classes a month to more than 80 countries, while Volkswagen’s Polo is another prolific export, averaging over 5000 units a month. Bakkies also feature prominently in the top 10.
SA's top vehicle exports (Jan - Apr):
1. Mercedes-Benz C-Class – 31 602 (7901 per month)
2. Volkswagen Polo – 20 617 (5154 pm)
3. Ford Ranger – 15 336 (3834 pm)
4. Toyota Hilux – 12 774 (3194 pm)
5. BMW 3 Series – 9844 (2461 pm)
6. Nissan NP300 Hardbody – 2314 (579 pm)
7. Isuzu KB – 1054 (263 pm)
8. Toyota Fortuner – 525 (131 pm)
9. Toyota Corolla and Corolla Quest - 328 (82 pm)
10. VW Polo Vivo – 128 (32 pm)
But what does the future hold?
Although nothing is certain in today’s economic and political climate, many of SA’s carmakers have already invested in future projects, meaning our industry should at least be safe in the medium term.
Volkswagen, for instance, recently invested R5.5 million in its local Uitenhage plant to build and export the next-generation Polo, due early next year. BMW has also committed to building its next X3 crossover for export at its Rosslyn plant, effectively replacing today’s 3-Series production.
Toyota’s Hilux programme is still fairly new, while Ford recently expanded its Silverton operation to build the Ranger-based Everest SUV.
And while General Motors has pulled the plug on its local operation, Isuzu Trucks has agreed to buy the local factory in Struandale, where it will continue building Isuzu bakkies and trucks, possibly even boosting production in line with its aims to expand its African footprint.
http://www.iol.co.za/motoring/industry-news/these-are-sas-top-10-vehicle-exports-9338768
When General Motors announced last Thursday that it planned to disinvest from South Africa it sent shockwaves through the industry and sparked fears that the country’s motor manufacturing industry is in a downward spiral.
Although SA’s motor industry does face its fair share of challenges, its manufacturing sector remains for the most part robust and export numbers are better than they’ve ever been.
South Africa’s car manufacturers exported a record 344 822 vehicles last year and Naamsa expects that number to be improved upon this year, by up to 10 percent if favourable conditions prevail.
Let’s face it, South Africa’s new vehicle market simply isn’t big enough to support a significant manufacturing effort. During apartheid years this was overcome, to some degree, by high import duties and strict local content requirements. Today’s government instead incentivises high-volume production through the Automotive Production and Development Programme (APDP), itself a development of the previous Motor Industry Development Programme (MIDP) of 1995, which helped get SA’s export ball rolling.
Lucrative export contracts, with big volumes achieving high economies of scale, have become the lifeblood of South Africa’s car manufacturers, but what cars are we actually building here? And what kind of numbers are we shifting?
To honour South Africa’s export heroes, we’ve compiled a list of our top exports for the year so far, combining the figures for the first four months of 2017. As you’ll see below, Mercedes-Benz leads the pack by a healthy margin, exporting around 8000 C-Classes a month to more than 80 countries, while Volkswagen’s Polo is another prolific export, averaging over 5000 units a month. Bakkies also feature prominently in the top 10.
SA's top vehicle exports (Jan - Apr):
1. Mercedes-Benz C-Class – 31 602 (7901 per month)
2. Volkswagen Polo – 20 617 (5154 pm)
3. Ford Ranger – 15 336 (3834 pm)
4. Toyota Hilux – 12 774 (3194 pm)
5. BMW 3 Series – 9844 (2461 pm)
6. Nissan NP300 Hardbody – 2314 (579 pm)
7. Isuzu KB – 1054 (263 pm)
8. Toyota Fortuner – 525 (131 pm)
9. Toyota Corolla and Corolla Quest - 328 (82 pm)
10. VW Polo Vivo – 128 (32 pm)
But what does the future hold?
Although nothing is certain in today’s economic and political climate, many of SA’s carmakers have already invested in future projects, meaning our industry should at least be safe in the medium term.
Volkswagen, for instance, recently invested R5.5 million in its local Uitenhage plant to build and export the next-generation Polo, due early next year. BMW has also committed to building its next X3 crossover for export at its Rosslyn plant, effectively replacing today’s 3-Series production.
Toyota’s Hilux programme is still fairly new, while Ford recently expanded its Silverton operation to build the Ranger-based Everest SUV.
And while General Motors has pulled the plug on its local operation, Isuzu Trucks has agreed to buy the local factory in Struandale, where it will continue building Isuzu bakkies and trucks, possibly even boosting production in line with its aims to expand its African footprint.
http://www.iol.co.za/motoring/industry-news/these-are-sas-top-10-vehicle-exports-9338768
FiestaST
Honorary Master
Taxi protest action targets car companies
Car companies, along with banks, insurers and fuel companies, are the target of a new taxi industry protest campaign that threatens disruptions in the form of blockades, and possible boycotts.
According to Business Report, the splinter group, known as the Mass Taxi Industry Protest Action Committee, says that taxi operators are totally excluded from the industry’s value chain.
Operators saiy the taxi industry is paying exorbitant prices for vehicles. File photos: Toyota
Spokesman MF Filane said vehicle manufacturers, particularly Toyota, are to blame for the violence in the taxi industry, saying that high vehicle prices are what’s causing operators to fight over lucrative taxi routes.
Filane said that carmakers simply “imposed” high prices on the taxi industry without discussing these pricing structures with the taxi industry. “We have got no ownership of the taxi industry value chain. Whoever decides on the price of vehicles, we should also be involved.”
But has Toyota been unreasonable with its prices?
In January 2013 the price of a Toyota Sesfikile taxi was R303 000 for a 2.7 petrol model and R318 100 for the 2.5 diesel. Today, four and a half years later, the vehicle will cost you R401 300 in petrol form and R421 100 as a diesel. That works out to annual increases of around 6.5 percent for the petrol model, which is roughly comparable to the rate of inflation and it must be borne in mind that the rand is somewhat weaker, having depreciated from 10.3 yen per rand in 2013 to 8.5 yen today. Although the Sesfikile is built in South Africa, many of its components are imported and thus rand-dependent.
Yet could (and should) Toyota be selling its Sesfikile for less than R421 100? That is another matter that Toyota and the taxi industry will need to sort out between themselves.
Interest rates “not fair”
The protest campaign also points a finger at banks for allegedly charging the industry interest rates eight percent above prime, even when operators have clean records.
According to Filane, the protest action was about “radical economic empowerment and transformation”, aiming to bring targeted companies to the negotiation table. The campaign would take the form of blockades rather than protest marches.
According to Business Report, the SA National Taxi Council was unaware of any planned protest action, although its president Phillip Taaibosch agreed that the taxi industry had been excluded from the economy and said he would support taxi operators that wanted to stand up on these issues.
http://www.iol.co.za/motoring/industry-news/taxi-protest-action-targets-car-companies-9425534
Car companies, along with banks, insurers and fuel companies, are the target of a new taxi industry protest campaign that threatens disruptions in the form of blockades, and possible boycotts.
According to Business Report, the splinter group, known as the Mass Taxi Industry Protest Action Committee, says that taxi operators are totally excluded from the industry’s value chain.
Operators saiy the taxi industry is paying exorbitant prices for vehicles. File photos: Toyota
Spokesman MF Filane said vehicle manufacturers, particularly Toyota, are to blame for the violence in the taxi industry, saying that high vehicle prices are what’s causing operators to fight over lucrative taxi routes.
Filane said that carmakers simply “imposed” high prices on the taxi industry without discussing these pricing structures with the taxi industry. “We have got no ownership of the taxi industry value chain. Whoever decides on the price of vehicles, we should also be involved.”
But has Toyota been unreasonable with its prices?
In January 2013 the price of a Toyota Sesfikile taxi was R303 000 for a 2.7 petrol model and R318 100 for the 2.5 diesel. Today, four and a half years later, the vehicle will cost you R401 300 in petrol form and R421 100 as a diesel. That works out to annual increases of around 6.5 percent for the petrol model, which is roughly comparable to the rate of inflation and it must be borne in mind that the rand is somewhat weaker, having depreciated from 10.3 yen per rand in 2013 to 8.5 yen today. Although the Sesfikile is built in South Africa, many of its components are imported and thus rand-dependent.
Yet could (and should) Toyota be selling its Sesfikile for less than R421 100? That is another matter that Toyota and the taxi industry will need to sort out between themselves.
Interest rates “not fair”
The protest campaign also points a finger at banks for allegedly charging the industry interest rates eight percent above prime, even when operators have clean records.
According to Filane, the protest action was about “radical economic empowerment and transformation”, aiming to bring targeted companies to the negotiation table. The campaign would take the form of blockades rather than protest marches.
According to Business Report, the SA National Taxi Council was unaware of any planned protest action, although its president Phillip Taaibosch agreed that the taxi industry had been excluded from the economy and said he would support taxi operators that wanted to stand up on these issues.
http://www.iol.co.za/motoring/industry-news/taxi-protest-action-targets-car-companies-9425534
Rouxenator
Dank meme lord
It's your own ANC government that is taxing the crap out these cars.
Lupus
Honorary Master
- Joined
- Apr 25, 2006
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The way the SA car market is going, soon all we will have are the choices of the 80s, VW, Toyota, Ford, BMW, Nissan maybe Merc
- Joined
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^ this
FiestaST
Honorary Master
10 Fastest-Selling Used Cars on Cars.co.za
We've analysed changes in the dealer listings of second-hand vehicles on Cars.co.za from February to April 2017 and, according to the information at our disposal, these are the 10 vehicles that positively "flew off dealership floors"...
As South Africa's leading automotive platform, with approximately 72 000 cars for sale on our site at any given moment; some models are much sought after, but others less so. Which ones fall under the former category? We’ve looked at our data and produced a list of cars that spent the least amount of time in our used cars section. We removed outliers, such as seemingly overpriced cars and made sure a model sold at least 5 cars in the month to be worthy of its spot. We also excluded private sellers as it’s more difficult to determine whether a sale was made – or the advert has expired.
Without getting too hung up on the nitty gritty, here are the top 10 fastest-selling second-hand cars on Cars.co.za for February - April 2017.
1. Ford Fiesta 1.4 Ambiente
The Ford Fiesta seems like a go-to choice for second-hand buyers. Bothe 1.4 Ambiente and Trend models sell well but it's the former that races out of dealerships faster than anything else in SA. There was a fair number sold over the last 3 months with the 5-door appearing the most popular. The average list price was R96 438 for the Ambiente with the Trend at R118 124. Average time to sell a Fiesta on our site? Just 3 days.
2. Volkswagen Polo Vivo 1.4
According to new vehicle sales statistics, the Polo Vivo is often South Africa’s top-selling passenger car. The second-hand market wants them too. Average time listed: 6 days for a Conceptline and 20 days for a Trendline. The Trendline is a more popular model, selling 3 times as many as the Conceptline. Resale value looks to hold up reasonably well, with the average list price of R110 200.
3. Toyota Hilux Double cab
Most months, the Hilux is South Africa's most popular new vehicle. In the second-hand market, buyers appear to like the petrol 2.7 Raider double cab model. It took on average just 7 days to sell one. At R179 938 a pop it seems like a lot of bakkie for your money.
4. Hyundai ix35
Hyundai's SUV has been a bit of a sales revelation for the brand over the last decade. Second-hand buyers lean towards the 2.0 Executive model as a favourite. Over the last 3 months, it has taken just 9 days to shift off a dealer's floor. The average price for one is R194 960.
5. Nissan NP200 1.6
The small business bakkies (also known as half-tonners, although their carrying capacities are usually much more than that) are popular used car buys. The Nissan NP200 sold well over the 3 month period, possibly a good sign for small businesses around SA. It takes around 11 days to sell an NP200, at an average list price of R119 846.
6. Volkswagen Polo
There are a lot of Polos listed on Cars.co.za, so competition for prospective buyers' attention is tough. Some can stay listed for a long time, but the Polo GTI is the fastest selling model, just. It takes about 15 days to complete the sale of a Polo GTI at an average price of R228 332. The Polo 1.4 Comfortline is just behind it, taking just 16 days to sell but at a price of R138 475.
7. Toyota Corolla Quest 1.6
Uber drivers keep a keen eye out for this popular city taxi as it lists for around 18 days before being sold. Popularity of this old Corolla appears to be quite high as the resale value remains strong. The Corolla Quest sells for around R173 249 and will take about 18 days to sell.
8. Hyundai i20 1.2
The i20 has become a very popular car on the local front. It appears to be quite reliable and Hyundai’s build quality has improved vastly over the last decade. Average time to sell: 19 days, and average listed price: R171 692.
9. Hyundai i10 1.1
Hyundai's smallest car still appears to be a popular one. Buyers seem to trust what the Korean brand has manufactured over the last decade and believe in its reliability. Average time to sell: 20 days, and average listed price: R86 433.
10. Hyundai Tucson 2.0
If you were in any doubt as to what brand flies off the dealership floors, then this should settle it for you. The latest generation Hyundai Tucson is one of SA's best-selling SUVs and buyers are out there looking for low mileage, young models. The Naturally aspirated 2.0 Premium Auto is the popular choice, selling in just 22 days at an average price of R339 900.
http://www.cars.co.za/motoring_news/10-fastest-selling-used-cars-on-carscoza/43061/
We've analysed changes in the dealer listings of second-hand vehicles on Cars.co.za from February to April 2017 and, according to the information at our disposal, these are the 10 vehicles that positively "flew off dealership floors"...
As South Africa's leading automotive platform, with approximately 72 000 cars for sale on our site at any given moment; some models are much sought after, but others less so. Which ones fall under the former category? We’ve looked at our data and produced a list of cars that spent the least amount of time in our used cars section. We removed outliers, such as seemingly overpriced cars and made sure a model sold at least 5 cars in the month to be worthy of its spot. We also excluded private sellers as it’s more difficult to determine whether a sale was made – or the advert has expired.
Without getting too hung up on the nitty gritty, here are the top 10 fastest-selling second-hand cars on Cars.co.za for February - April 2017.
1. Ford Fiesta 1.4 Ambiente
The Ford Fiesta seems like a go-to choice for second-hand buyers. Bothe 1.4 Ambiente and Trend models sell well but it's the former that races out of dealerships faster than anything else in SA. There was a fair number sold over the last 3 months with the 5-door appearing the most popular. The average list price was R96 438 for the Ambiente with the Trend at R118 124. Average time to sell a Fiesta on our site? Just 3 days.
2. Volkswagen Polo Vivo 1.4
According to new vehicle sales statistics, the Polo Vivo is often South Africa’s top-selling passenger car. The second-hand market wants them too. Average time listed: 6 days for a Conceptline and 20 days for a Trendline. The Trendline is a more popular model, selling 3 times as many as the Conceptline. Resale value looks to hold up reasonably well, with the average list price of R110 200.
3. Toyota Hilux Double cab
Most months, the Hilux is South Africa's most popular new vehicle. In the second-hand market, buyers appear to like the petrol 2.7 Raider double cab model. It took on average just 7 days to sell one. At R179 938 a pop it seems like a lot of bakkie for your money.
4. Hyundai ix35
Hyundai's SUV has been a bit of a sales revelation for the brand over the last decade. Second-hand buyers lean towards the 2.0 Executive model as a favourite. Over the last 3 months, it has taken just 9 days to shift off a dealer's floor. The average price for one is R194 960.
5. Nissan NP200 1.6
The small business bakkies (also known as half-tonners, although their carrying capacities are usually much more than that) are popular used car buys. The Nissan NP200 sold well over the 3 month period, possibly a good sign for small businesses around SA. It takes around 11 days to sell an NP200, at an average list price of R119 846.
6. Volkswagen Polo
There are a lot of Polos listed on Cars.co.za, so competition for prospective buyers' attention is tough. Some can stay listed for a long time, but the Polo GTI is the fastest selling model, just. It takes about 15 days to complete the sale of a Polo GTI at an average price of R228 332. The Polo 1.4 Comfortline is just behind it, taking just 16 days to sell but at a price of R138 475.
7. Toyota Corolla Quest 1.6
Uber drivers keep a keen eye out for this popular city taxi as it lists for around 18 days before being sold. Popularity of this old Corolla appears to be quite high as the resale value remains strong. The Corolla Quest sells for around R173 249 and will take about 18 days to sell.
8. Hyundai i20 1.2
The i20 has become a very popular car on the local front. It appears to be quite reliable and Hyundai’s build quality has improved vastly over the last decade. Average time to sell: 19 days, and average listed price: R171 692.
9. Hyundai i10 1.1
Hyundai's smallest car still appears to be a popular one. Buyers seem to trust what the Korean brand has manufactured over the last decade and believe in its reliability. Average time to sell: 20 days, and average listed price: R86 433.
10. Hyundai Tucson 2.0
If you were in any doubt as to what brand flies off the dealership floors, then this should settle it for you. The latest generation Hyundai Tucson is one of SA's best-selling SUVs and buyers are out there looking for low mileage, young models. The Naturally aspirated 2.0 Premium Auto is the popular choice, selling in just 22 days at an average price of R339 900.
http://www.cars.co.za/motoring_news/10-fastest-selling-used-cars-on-carscoza/43061/
justplain
Expert Member
I am waiting to laugh at the price of next years new BMW 3 series when they announce it next year.
Not that I can afford to replace my current 3'er though.
I am going to bet R600k starting price for the 320D minimum
Scary.
Not that I can afford to replace my current 3'er though.
I am going to bet R600k starting price for the 320D minimum
Scary.
FiestaST
Honorary Master
South Africa’s 10 best-selling bakkies of May 2017
The sales figures for the fifth month of 2017 are in … and the battle for the title of South Africa’s best-selling bakkie is as close as ever.
In May 2017, aggregate new vehicle sales fell to 41 783 units, a decrease of 2,6% year-on-year, according to Naamsa. The light commercial segment, meanwhile, came in at 13 410 units, a decrease of 1,5%. And, as usual, we’ve taken a closer look at the sales figures to identify the 10 best-selling bakkies of May 2017.
So, exactly what happened in May? Well, the Ford Ranger kept its nose ahead of the Toyota Hilux for the second month on the trot, beating the Japanese bakkie by 117 units.
The Isuzu KB, meanwhile, moved up one place to third, with the Chevrolet Utility – which will disappear from the scene when the brand leaves the country at the end of 2017 – climbing two spots to fourth. The Nissan NP200 thus dropped two to fifth, with the Nissan NP300 holding steady in sixth.
The refreshed Volkswagen Amarok range (which now boasts a V6 option) climbed one place to seventh, forcing the Toyota Land Cruiser Pick-up down to eighth. The Nissan Navara and Mahindra Scorpio Pik-Up, meanwhile, again rounded out the table.
That means there’s no room for the Mahindra Bolero (69), Mitsubishi Triton (28), Mazda BT-50 (25) or Fiat Fullback (26) in May.
See the top ten list below, and have a look at April’s figures here.
South Africa’s 10 best-selling bakkies of May 2017:
1. Ford Ranger – 2 875
2. Toyota Hilux – 2 758
3. Isuzu KB – 1 221
4. Chevrolet Utility – 1 159
5. Nissan NP200 – 1 140
6. Nissan NP300 – 688
7. Volkswagen Amarok – 339
8. Toyota Land Cruiser Pick-up – 203
9. Nissan Navara – 110
10. Mahindra Scorpio Pik-Up – 83
http://www.carmag.co.za/news_post/south-africas-10-best-selling-bakkies-of-may-2017/
The sales figures for the fifth month of 2017 are in … and the battle for the title of South Africa’s best-selling bakkie is as close as ever.
In May 2017, aggregate new vehicle sales fell to 41 783 units, a decrease of 2,6% year-on-year, according to Naamsa. The light commercial segment, meanwhile, came in at 13 410 units, a decrease of 1,5%. And, as usual, we’ve taken a closer look at the sales figures to identify the 10 best-selling bakkies of May 2017.
So, exactly what happened in May? Well, the Ford Ranger kept its nose ahead of the Toyota Hilux for the second month on the trot, beating the Japanese bakkie by 117 units.
The Isuzu KB, meanwhile, moved up one place to third, with the Chevrolet Utility – which will disappear from the scene when the brand leaves the country at the end of 2017 – climbing two spots to fourth. The Nissan NP200 thus dropped two to fifth, with the Nissan NP300 holding steady in sixth.
The refreshed Volkswagen Amarok range (which now boasts a V6 option) climbed one place to seventh, forcing the Toyota Land Cruiser Pick-up down to eighth. The Nissan Navara and Mahindra Scorpio Pik-Up, meanwhile, again rounded out the table.
That means there’s no room for the Mahindra Bolero (69), Mitsubishi Triton (28), Mazda BT-50 (25) or Fiat Fullback (26) in May.
See the top ten list below, and have a look at April’s figures here.
South Africa’s 10 best-selling bakkies of May 2017:
1. Ford Ranger – 2 875
2. Toyota Hilux – 2 758
3. Isuzu KB – 1 221
4. Chevrolet Utility – 1 159
5. Nissan NP200 – 1 140
6. Nissan NP300 – 688
7. Volkswagen Amarok – 339
8. Toyota Land Cruiser Pick-up – 203
9. Nissan Navara – 110
10. Mahindra Scorpio Pik-Up – 83
http://www.carmag.co.za/news_post/south-africas-10-best-selling-bakkies-of-may-2017/
supersunbird
Honorary Master
They should just up their on-the-road fees...
The Voice
Honorary Master
Amazes me that people can even actually afford those in the current climate - or can they really?
HapticSimian
Honorary Master
Many still can. Seeing others' salary slips on the regular can be quite the humbling experience.
Of course even more really can't, so expect to see an ever increasing volume of "drive a new XYZ every 3 years" type deals. Which ain't that terrible given market conditions and the severe disconnect between average earnings and new car prices. Many people start feeling that itch to trade in after 3 or 4 years anyway, long before they've settled their finance.
Beeg bubble waiting to burst, especially with Peugeot. If they can't bring the Opel brand to their showrooms, I don't think they'll survive in the current trading environment.
FiestaST
Honorary Master
Junk Status continues to affect SA car sales in May
The National Automobile Association of South Africa (Naamsa) reports that new vehicle sales in all segments registered declines during May 2017.
However, the organisation adds sales of new passenger cars and light commercial vehicles "held up better than expected".
Naamsa adds that while new vehicle exports also reflected a fairly substantial year-on-year decline, vehicle exports in May 2016 represented the "second highest export number on record".
Sales decline
Aggregate new vehicle sales for May 2017 are 41 783 units, a decrease of 1129 units or 2.6% compared to 42 912 units sold in May 2016. May 2017 export sales, at 29 596 vehicles, registered a fall of 4023 units or 12.0% compared to the 33 619 vehicles exported in May last year.
Overall, out of the total reported Industry sales of 41 783 vehicles, an estimated 37 686 units or 90.2% represented dealer sales, 5.1% represented sales to the vehicle rental Industry, 3.2% to Industry corporate fleets and 1.5% to government.
Passenger cars
The new car market, at 26 317 units sold, reflected a drop of 663 units or 2.5% compared to the 26 980 new cars sold in May last year. The car rental Industry accounted for an estimated 7.2% of new car sales in May 2017.
Bakkies
Domestic sales of new light commercial vehicles, bakkies and mini buses totalled 13 410 units during May 2017, a decline of 210 or 1.5% compared to the 13 620 light commercial vehicles sold during the corresponding month last year.
Uncertain balance'
Naamsa said: “Following the modest improvement in new vehicle sales during the first three months of 2017, the outlook for the balance of the year was somewhat uncertain. The current polarised political environment in SA, together with prospects of subdued economic growth over the short to medium term, continued to weigh on business confidence and consumer sentiment.
“Domestic new vehicle sales were closely correlated with the overall performance of the South African economy and confidence levels. At this stage, domestic new vehicle sales for 2017 were likely to be flat at best. However, this was premised on a number of assumptions, including, that South Africa would avoid further credit ratings agencies’ downgrades, that interest rates would not increase over the short to medium term, that economic growth would show modest improvement and that the exchange rate, whilst remaining volatile, was unlikely to depreciate markedly. “
http://www.wheels24.co.za/News/SA_v...s-to-affect-sa-car-sales-in-may-2017-20170601
The National Automobile Association of South Africa (Naamsa) reports that new vehicle sales in all segments registered declines during May 2017.
However, the organisation adds sales of new passenger cars and light commercial vehicles "held up better than expected".
Naamsa adds that while new vehicle exports also reflected a fairly substantial year-on-year decline, vehicle exports in May 2016 represented the "second highest export number on record".
Sales decline
Aggregate new vehicle sales for May 2017 are 41 783 units, a decrease of 1129 units or 2.6% compared to 42 912 units sold in May 2016. May 2017 export sales, at 29 596 vehicles, registered a fall of 4023 units or 12.0% compared to the 33 619 vehicles exported in May last year.
Overall, out of the total reported Industry sales of 41 783 vehicles, an estimated 37 686 units or 90.2% represented dealer sales, 5.1% represented sales to the vehicle rental Industry, 3.2% to Industry corporate fleets and 1.5% to government.
Passenger cars
The new car market, at 26 317 units sold, reflected a drop of 663 units or 2.5% compared to the 26 980 new cars sold in May last year. The car rental Industry accounted for an estimated 7.2% of new car sales in May 2017.
Bakkies
Domestic sales of new light commercial vehicles, bakkies and mini buses totalled 13 410 units during May 2017, a decline of 210 or 1.5% compared to the 13 620 light commercial vehicles sold during the corresponding month last year.
Uncertain balance'
Naamsa said: “Following the modest improvement in new vehicle sales during the first three months of 2017, the outlook for the balance of the year was somewhat uncertain. The current polarised political environment in SA, together with prospects of subdued economic growth over the short to medium term, continued to weigh on business confidence and consumer sentiment.
“Domestic new vehicle sales were closely correlated with the overall performance of the South African economy and confidence levels. At this stage, domestic new vehicle sales for 2017 were likely to be flat at best. However, this was premised on a number of assumptions, including, that South Africa would avoid further credit ratings agencies’ downgrades, that interest rates would not increase over the short to medium term, that economic growth would show modest improvement and that the exchange rate, whilst remaining volatile, was unlikely to depreciate markedly. “
http://www.wheels24.co.za/News/SA_v...s-to-affect-sa-car-sales-in-may-2017-20170601
Last edited:
FiestaST
Honorary Master
Please refrain from the news that "Peugeot is likely to pull out". Hogwash until its actually announced by the horse.
As stated it's a brand with a rich history in SA & nobody wants them to "pull out".
As stated it's a brand with a rich history in SA & nobody wants them to "pull out".