Tsepz_GP
Executive Member
It's a joke man, lol. I was merely making fun of SA's obsession with the GTI.
I agree with your point though.
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The SA Vehicle Industry Thread
- Thread starter FiestaST
- Start date
It's a joke man, lol. I was merely making fun of SA's obsession with the GTI.
I agree with your point though.
They real problem is that they can't
HavocXphere
Honorary Master
So glad I got rid of at least that aspect of the rat race...
FiestaST
Honorary Master
The bloodbath in the South African new car market continues with another big decline recorded in September. All five segments of the market recorded double-digit (or near double-digit) declines in percentage terms. On the other hand, the swing towards used cars continues unabated.
According to the National Association of Automobile Manufacturers of South Africa (Naamsa), only 47 399 new vehicles were sold in September, representing a 14.3% decline compared with the same period in 2015. Thus far this year total industry sales are down 11.3%.
"It is not really unexpected," said Rudolf Mahoney, Head of Brand and Communications, WesBank Marketing. "We forecasted at the start of this year that the market would shrink by around 12% in 2016. It seems like we are heading in that direction," he continued.
"If you look at WesBank's own data," he said, "it is clear that the trend to used is continuing." According to Mahoney there has been a 17.8% decline in new vehicle financing applications, but a 6.7% increase for used cars. Increasingly finance applications are also turned down – currently less than half of the applications that WesBank receives are successful.
Consumers under pressure
Affordability is a major factor that is driving consumers to exploring the used car market, Mahoney explained. New car prices have dramatically increased over the past 12 months, with the average price of a new financed car in September coming to R293 343, a whopping 18% more than last year. Household income has simply not kept pace with not only rising new vehicle costs, but all rising prices, so consumers are forced to either postpone their purchases, or look at the used-vehicle market. But even there prices are rising because of strong demand – the average deal value for a used car in September was R191 236, an increase of 8.7%
“History has shown that the performance of the new vehicle market is cyclical, and we are nearing the bottom of this cycle. However, in the medium term the future of the market will be determined by the verdict from the international ratings agencies,” said Simphiwe Nghona, CEO of Motor Retail at WesBank. “A downgrade in the country’s debt rating will have a number of far-reaching consequences that will have direct and indirect impacts on vehicle prices and consumer budgets.”
The top sellers
Passenger Cars
In total 31 957 new cars were sold in September, a decline of 14.4% compared with the same month last year. The top selling passenger vehicles were;
Volkswagen Polo Vivo — 2 822 units
Volkswagen Polo — 2 426 units
Toyota Corolla/Auris/Quest — 2 061 units
Ford Fiesta — 1 190 units
Toyota Fortuner — 1 180 units
Ford EcoSport — 987 units
Toyota Etios — 947 units
Renault Sandero — 625 units
Toyota Avanza — 572 units
BMW 3 Series — 487 units
* Note that Mercedes-Benz and the AMH brands (Hyundai, Kia etc.) do not report detailed sales figures and their model listings are therefore not included.
Light Commercial Vehicles
With only 12 879 LCVs sold in September, this segment of the market recorded a sharp decline of 14.8% compared with the same month last year. Many businesses have cut back on capital investments and prefer to rather spend more on maintenance in the current economic climate. The top sellers were;
Toyota Hilux — 3 063 units
Ford Ranger — 2 437 units
Toyota Quantum — 1 329 units
Chevrolet Ute — 1 126 units
Nissan NP200 — 1 020 units
http://www.cars.co.za/motoring_news/new-car-sales-in-south-africa---september-2016/42753/
According to the National Association of Automobile Manufacturers of South Africa (Naamsa), only 47 399 new vehicles were sold in September, representing a 14.3% decline compared with the same period in 2015. Thus far this year total industry sales are down 11.3%.
"It is not really unexpected," said Rudolf Mahoney, Head of Brand and Communications, WesBank Marketing. "We forecasted at the start of this year that the market would shrink by around 12% in 2016. It seems like we are heading in that direction," he continued.
"If you look at WesBank's own data," he said, "it is clear that the trend to used is continuing." According to Mahoney there has been a 17.8% decline in new vehicle financing applications, but a 6.7% increase for used cars. Increasingly finance applications are also turned down – currently less than half of the applications that WesBank receives are successful.
Consumers under pressure
Affordability is a major factor that is driving consumers to exploring the used car market, Mahoney explained. New car prices have dramatically increased over the past 12 months, with the average price of a new financed car in September coming to R293 343, a whopping 18% more than last year. Household income has simply not kept pace with not only rising new vehicle costs, but all rising prices, so consumers are forced to either postpone their purchases, or look at the used-vehicle market. But even there prices are rising because of strong demand – the average deal value for a used car in September was R191 236, an increase of 8.7%
“History has shown that the performance of the new vehicle market is cyclical, and we are nearing the bottom of this cycle. However, in the medium term the future of the market will be determined by the verdict from the international ratings agencies,” said Simphiwe Nghona, CEO of Motor Retail at WesBank. “A downgrade in the country’s debt rating will have a number of far-reaching consequences that will have direct and indirect impacts on vehicle prices and consumer budgets.”
The top sellers
Passenger Cars
In total 31 957 new cars were sold in September, a decline of 14.4% compared with the same month last year. The top selling passenger vehicles were;
Volkswagen Polo Vivo — 2 822 units
Volkswagen Polo — 2 426 units
Toyota Corolla/Auris/Quest — 2 061 units
Ford Fiesta — 1 190 units
Toyota Fortuner — 1 180 units
Ford EcoSport — 987 units
Toyota Etios — 947 units
Renault Sandero — 625 units
Toyota Avanza — 572 units
BMW 3 Series — 487 units
* Note that Mercedes-Benz and the AMH brands (Hyundai, Kia etc.) do not report detailed sales figures and their model listings are therefore not included.
Light Commercial Vehicles
With only 12 879 LCVs sold in September, this segment of the market recorded a sharp decline of 14.8% compared with the same month last year. Many businesses have cut back on capital investments and prefer to rather spend more on maintenance in the current economic climate. The top sellers were;
Toyota Hilux — 3 063 units
Ford Ranger — 2 437 units
Toyota Quantum — 1 329 units
Chevrolet Ute — 1 126 units
Nissan NP200 — 1 020 units
http://www.cars.co.za/motoring_news/new-car-sales-in-south-africa---september-2016/42753/
supersunbird
Honorary Master
They'd better increase the prices... and add some more on the road costs.
Rouxenator
Dank meme lord
They should do what supermarkets do. Drop the prices to increase sales.
FiestaST
Honorary Master
ToxicBunny
Oi! Leave me out of this...
What retarded business school did you go to? :wtf:
MaximusZA
Senior Member
I'd be curious to find out what these manufactures margins are and if dropping the price is feasible in the country? I know if you look at the prices in the UK and directly convert it it looks like we are being ripped off properly, but i am not sure what the transport and import costs are and if the massive price difference is justified
Rouxenator
Dank meme lord
Ha! Yeah well they will never do that because "boo hoo - what about the 2nd hand market".
F... 'em to death is what I say.
FiestaST
Honorary Master
The South African Department of Trade & Industry reports that current conditions in the automotive industry reflected sharp falls in domestic new vehicle sales.
The recession in the domestic new vehicle market accelerated significantly during September, with all major segments reflecting double digit or near double digit declines.
"Given the present difficult economic environment in South Africa, the negative trend was expected to continue over the medium term," reports the department.
Concerning decline
The National Association of Automobile Manufacturers of SA (Naamsa), reports 47 399 new vehicles sales for September 2016, a substantial decline of 7904 vehicles (or 14.3%) compared to the 55 303 vehicles sold in the corresponding period in 2015.
Overall, out of the total reported Industry sales of 47 399 vehicles, an estimated 38 342 units or 80.9% represented dealer sales, 14.3% represented sales to the vehicle rental industry, 3.4% represented industry corporate fleet sales and 1.4% sales to government.
he consumer dependent new car market remained under severe pressure during September 2016 and at 31 957 units reflected a decline of 5368 cars or a fall of 14.4% compared to the 37 325 new cars sold in September last year.
Domestic sales of industry new light commercial vehicles, bakkies and mini buses at 12 879 units during September 2016 had also turned sharply weaker reflecting a decline of 2243 units or a fall of 14.8% compared to the 15 122 light commercial vehicles sold during the same period in 2015.
Naamsa commented: "Domestically, the short to medium term outlook remained unfavorable. Double digit new vehicle price increases, low levels of consumer and business confidence and relatively high interest rates would continue to pressurize sales of new motor vehicles, particularly new cars."
SA's top 10 selling vehicles
1 Toyota Hilux - 3063 units
2 Volkswagen Polo Vivo - 2822
3 Volkswagen Polo - 2466
4 Ford Ranger - 2436
5 Toyota Corolla/Auris/Quest - 2061
6 Ford Fiesta - 1190
7 Toyota Fortuner - 1180
8 Chevrolet Ute
9 Nissan NP200 - 1020
10 Isuzu KB - 988
http://www.wheels24.co.za/News/SA_vehicle_sales/sa-vehicle-sales-huge-declines-in-september-20161004
The recession in the domestic new vehicle market accelerated significantly during September, with all major segments reflecting double digit or near double digit declines.
"Given the present difficult economic environment in South Africa, the negative trend was expected to continue over the medium term," reports the department.
Concerning decline
The National Association of Automobile Manufacturers of SA (Naamsa), reports 47 399 new vehicles sales for September 2016, a substantial decline of 7904 vehicles (or 14.3%) compared to the 55 303 vehicles sold in the corresponding period in 2015.
Overall, out of the total reported Industry sales of 47 399 vehicles, an estimated 38 342 units or 80.9% represented dealer sales, 14.3% represented sales to the vehicle rental industry, 3.4% represented industry corporate fleet sales and 1.4% sales to government.
he consumer dependent new car market remained under severe pressure during September 2016 and at 31 957 units reflected a decline of 5368 cars or a fall of 14.4% compared to the 37 325 new cars sold in September last year.
Domestic sales of industry new light commercial vehicles, bakkies and mini buses at 12 879 units during September 2016 had also turned sharply weaker reflecting a decline of 2243 units or a fall of 14.8% compared to the 15 122 light commercial vehicles sold during the same period in 2015.
Naamsa commented: "Domestically, the short to medium term outlook remained unfavorable. Double digit new vehicle price increases, low levels of consumer and business confidence and relatively high interest rates would continue to pressurize sales of new motor vehicles, particularly new cars."
SA's top 10 selling vehicles
1 Toyota Hilux - 3063 units
2 Volkswagen Polo Vivo - 2822
3 Volkswagen Polo - 2466
4 Ford Ranger - 2436
5 Toyota Corolla/Auris/Quest - 2061
6 Ford Fiesta - 1190
7 Toyota Fortuner - 1180
8 Chevrolet Ute
9 Nissan NP200 - 1020
10 Isuzu KB - 988
http://www.wheels24.co.za/News/SA_vehicle_sales/sa-vehicle-sales-huge-declines-in-september-20161004
FiestaST
Honorary Master
The National Association of Automobile Manufacturers of SA (Naamsa), reports 47 399 new vehicles sales for September 2016, a substantial decline of 7904 vehicles (or 14.3%) compared to the 55 303 vehicles sold in the corresponding period in 2015.
Overall, out of the total reported Industry sales of 47 399 vehicles, an estimated 38 342 units or 80.9% represented dealer sales, 14.3% represented sales to the vehicle rental industry, 3.4% represented industry corporate fleet sales and 1.4% sales to government.
The consumer dependent new car market remained under severe pressure during September 2016 and at 31 957 units, reflects a decline of 5368 cars or a fall of 14.4% compared to the 37 325 new cars sold in September 2015.
Vivo still the default choice
The Volkswagen Polo Vivo led the way in new car sales, outselling its Polo sibling; 2822 vs. 2466 units sold in September 2016.
The Toyota trio of the Corolla/Auris/Quest (2061 units) was the only other vehicle (group) to have racked up more than 2000 sales.
The Ford Fiesta (1190) and Toyota Fortuner (1180) were separated by a mere 10 units.
Best-selling passenger cars in SA: September 2016:
1 VW Polo Vivo - 2822 units
2 VW Polo - 2466
3 Toyota Corolla/Auris/Quest - 2061
4 Ford Fiesta - 1190
5 Toyota Fortuner - 1180
6 Ford EcoSport - 987
7 Toyota Etios - 947
8 Renault Sandero - 625
9 Toyota Avanza - 572
10 BMW 3-Series - 487
http://www.wheels24.co.za/News/SA_v...-selling-passenger-cars-in-september-20161004
Overall, out of the total reported Industry sales of 47 399 vehicles, an estimated 38 342 units or 80.9% represented dealer sales, 14.3% represented sales to the vehicle rental industry, 3.4% represented industry corporate fleet sales and 1.4% sales to government.
The consumer dependent new car market remained under severe pressure during September 2016 and at 31 957 units, reflects a decline of 5368 cars or a fall of 14.4% compared to the 37 325 new cars sold in September 2015.
Vivo still the default choice
The Volkswagen Polo Vivo led the way in new car sales, outselling its Polo sibling; 2822 vs. 2466 units sold in September 2016.
The Toyota trio of the Corolla/Auris/Quest (2061 units) was the only other vehicle (group) to have racked up more than 2000 sales.
The Ford Fiesta (1190) and Toyota Fortuner (1180) were separated by a mere 10 units.
Best-selling passenger cars in SA: September 2016:
1 VW Polo Vivo - 2822 units
2 VW Polo - 2466
3 Toyota Corolla/Auris/Quest - 2061
4 Ford Fiesta - 1190
5 Toyota Fortuner - 1180
6 Ford EcoSport - 987
7 Toyota Etios - 947
8 Renault Sandero - 625
9 Toyota Avanza - 572
10 BMW 3-Series - 487
http://www.wheels24.co.za/News/SA_v...-selling-passenger-cars-in-september-20161004
FiestaST
Honorary Master
The National Association of Automobile Manufacturers of SA (Naamsa), reports 47 399 new vehicles sales for September 2016, a substantial decline of 7904 vehicles (or 14.3%) compared to the 55 303 vehicles sold in the corresponding period in 2015.
Overall, out of the total reported Industry sales of 47 399 vehicles, an estimated 38 342 units or 80.9% represented dealer sales, 14.3% represented sales to the vehicle rental industry, 3.4% represented industry corporate fleet sales and 1.4% sales to government.
READ: SA vehicle sales - huge declines in September
SA car-building heritage
South Africa has a long and proud motoring tradition, and for more than a century has been a leading developer, and manufacturer, of a wide variety and range of vehicles for local conditions and exports.
In 2016, SA celebrates 120 years since the first car arrived in the country.
The eight top-selling locally-built cars: September 2016
1 VW Vivo - 2822
2 VW Polo - 2466
3 Toyota Hilux - 3063
4 Ford Ranger - 2437
5 Chevrolet Ute - 1126
6 Nissan NP200 - 1020
7 Isuzu KB - 988
8 BMW 3-Series - 487
More to difficult to 'justify buying a car'
Despite September being the end of the quarter, which usually sees attractive deals to aid in meeting targets, new vehicle sales saw a sharp decline. The majority of vehicles in South Africa are sold to consumers through the dealer channel, where sales of passenger vehicles and Light Commercial Vehicles (LCVs) fell 14.4% and 14.8%, respectively. The contraction in the market is attributed to both rising prices for new vehicles as well inflation affecting consumer budgets.
Simphiwe Nghona, CEO of the Motor Retail at WesBank, said: “This sales decline remains in line with WesBank’s view of the market, which is influenced by a number of macroeconomic factors. Additionally, consumer budgets are under more pressure than ever which has made it more difficult for them to either afford a new car or justify buying in the new market.”
http://www.wheels24.co.za/News/SA_v...ly-built-cars-bakkies-september-2016-20161004
Overall, out of the total reported Industry sales of 47 399 vehicles, an estimated 38 342 units or 80.9% represented dealer sales, 14.3% represented sales to the vehicle rental industry, 3.4% represented industry corporate fleet sales and 1.4% sales to government.
READ: SA vehicle sales - huge declines in September
SA car-building heritage
South Africa has a long and proud motoring tradition, and for more than a century has been a leading developer, and manufacturer, of a wide variety and range of vehicles for local conditions and exports.
In 2016, SA celebrates 120 years since the first car arrived in the country.
The eight top-selling locally-built cars: September 2016
1 VW Vivo - 2822
2 VW Polo - 2466
3 Toyota Hilux - 3063
4 Ford Ranger - 2437
5 Chevrolet Ute - 1126
6 Nissan NP200 - 1020
7 Isuzu KB - 988
8 BMW 3-Series - 487
More to difficult to 'justify buying a car'
Despite September being the end of the quarter, which usually sees attractive deals to aid in meeting targets, new vehicle sales saw a sharp decline. The majority of vehicles in South Africa are sold to consumers through the dealer channel, where sales of passenger vehicles and Light Commercial Vehicles (LCVs) fell 14.4% and 14.8%, respectively. The contraction in the market is attributed to both rising prices for new vehicles as well inflation affecting consumer budgets.
Simphiwe Nghona, CEO of the Motor Retail at WesBank, said: “This sales decline remains in line with WesBank’s view of the market, which is influenced by a number of macroeconomic factors. Additionally, consumer budgets are under more pressure than ever which has made it more difficult for them to either afford a new car or justify buying in the new market.”
http://www.wheels24.co.za/News/SA_v...ly-built-cars-bakkies-september-2016-20161004
FiestaST
Honorary Master
September saw new vehicle sales continue to declining, according to the latest sales data from the National Association of Automobile Manufacturers of South Africa (Naamsa).
However, expensive sports and supercars are still being sold albeit in smaller numbers.
Summer is right around the corner and it is time to drop the top on the top selling supercars and sports cars.
These speedsters sold the quickest:
Ford Mustangs - 63
Nissan GT-R - 19
Audi TT - 18
Porsche 911 -17
Jaguar F-TYPE - 15
Porsche Boxster - 14
Ferrari 488 Spider - 8
Mazda MX-5/ Porsche Cayman - 7
Audi R8 / BMW i8 - 4
SA vehicle industry
The South African Department of Trade & Industry reports that current conditions in the automotive industry reflected sharp falls in domestic new vehicle sales.
The recession in the domestic new vehicle market accelerated significantly during September, with all major segments reflecting double digit or near double digit declines.
"Given the present difficult economic environment in South Africa, the negative trend was expected to continue over the medium term," reports the department.
Only 47 399 new vehicles were sold in the past month, representing a decrease of 14.3% compared to the same period in 2015. Year-to-date, total industry sales have fallen 11.3% – close to WesBank’s forecast that the market would shrink 12% in 2016.
Simphiwe Nghona, CEO of the Motor Retail at WesBank, said: “Additionally, consumer budgets are under more pressure than ever which has made it more difficult for them to either afford a new car or justify buying in the new market.”
http://www.wheels24.co.za/News/SA_v...ing-sports-cars-in-sa-september-2016-20161004
However, expensive sports and supercars are still being sold albeit in smaller numbers.
Summer is right around the corner and it is time to drop the top on the top selling supercars and sports cars.
These speedsters sold the quickest:
Ford Mustangs - 63
Nissan GT-R - 19
Audi TT - 18
Porsche 911 -17
Jaguar F-TYPE - 15
Porsche Boxster - 14
Ferrari 488 Spider - 8
Mazda MX-5/ Porsche Cayman - 7
Audi R8 / BMW i8 - 4
SA vehicle industry
The South African Department of Trade & Industry reports that current conditions in the automotive industry reflected sharp falls in domestic new vehicle sales.
The recession in the domestic new vehicle market accelerated significantly during September, with all major segments reflecting double digit or near double digit declines.
"Given the present difficult economic environment in South Africa, the negative trend was expected to continue over the medium term," reports the department.
Only 47 399 new vehicles were sold in the past month, representing a decrease of 14.3% compared to the same period in 2015. Year-to-date, total industry sales have fallen 11.3% – close to WesBank’s forecast that the market would shrink 12% in 2016.
Simphiwe Nghona, CEO of the Motor Retail at WesBank, said: “Additionally, consumer budgets are under more pressure than ever which has made it more difficult for them to either afford a new car or justify buying in the new market.”
http://www.wheels24.co.za/News/SA_v...ing-sports-cars-in-sa-september-2016-20161004
FiestaST
Honorary Master
New vehicle sales in South Africa are under increased pressure, with total volumes falling some 14,3% to 47 399 units in September 2016 (year-on-year). Overall, out of the total reported industry sales, an estimated 38 342 units or 80,9% represented dealer sales, 14,3% represented sales to the vehicle rental industry, 3,4% represented industry corporate fleet sales and 1,4% sales to government.
In short, it doesn’t look good (although WesBank says we may just be at the bottom of the cycle).
Still, it’s interesting to take a look at what’s happening in terms of individual model sales. So, we’ve examined the figures released by the National Association of Automobile Manufacturers of South Africa (Naamsa), and picked out the ten best-selling passenger vehicles for the month.
One must bear in mind that certain importers – such as Hyundai and Kia – do not submit individual model sales figures, instead only disclosing aggregate sales stats. Mercedes-Benz, too, has taken a similar stance.
In September 2016, the Volkswagen Polo Vivo stayed at the top of the pile, with the regular Polo again slotting into second. Likewise, Toyota’s combination of the Corolla, Auris and Corolla Quest (the brand reports an overall figure rather than individual model sales) held steady in third.
The Ford Fiesta, meanwhile, climbed two places to fourth, pushing the Toyota Fortuner down one to fifth. The Ford EcoSport also jumped a spot (to sixth) forcing the Toyota Etios down two places to seventh.
The Renault Sandero retained eighth position, while the Toyota Avanza made a surprise appearance on the list in ninth, leaving the BMW 3 Series to round out the table (one spot down on last month). That means there’s no place for the Toyota RAV4 (345) this month.
Other interesting snippets from September’s stats include the fact that Datsun managed to sell 126 units of its new GO+ (in addition to 318 GO hatchbacks), while Mahindra moved 130 units of its KUV100.
The BMW X5 (110), meanwhile, was the German brand’s top-selling SUV, beating out the X3 (106), X4 (78) and X6 (33). The Ford Figo – once a top-ten regular – could manage just 217 units, or 139 less than the Focus. The Everest weighed in with 103 units, as opposed to the 27 managed by the Chevrolet Trailblazer.
The Chevrolet Spark just missed out on a top-ten place, selling 424 units in September, with the Opel Mokka (100) the only other passenger vehicle product from General Motors to crack three figures for the month.
Interestingly, the soon-to-launch Honda BR-V also made an appearance in the stats, with 20 units registered in September. Honda’s top performer, however, was the Jazz (162). Mazda’s solid performance continued, with strong efforts from the CX-5 (342), Mazda3 (271) and CX-3 (228).
The Volkswagen Up! recorded an impressive total of 418 units, while four Audi R8 units were registered in September. Peugeot-Citroën could sell just 80 cars over the month, which means it was outperformed by the likes of Porsche (101), Tata (102) and Fiat-Chrysler (98).
See the top ten table below (and have a look back at August’s figures here):
South Africa’s 10 best-selling passengers cars of September 2016:
1. Volkswagen Polo Vivo – 2 822
2. Volkswagen Polo – 2 426
3. Toyota Corolla/Auris/Quest – 2 061
4. Ford Fiesta – 1 190
5. Toyota Fortuner – 1 180
6. Ford EcoSport – 987
7. Toyota Etios – 947
8. Renault Sandero – 625
9. Toyota Avanza – 572
10. BMW 3 Series – 487
http://www.carmag.co.za/news_post/sas-10-best-selling-passenger-cars-of-september-2016/
In short, it doesn’t look good (although WesBank says we may just be at the bottom of the cycle).
Still, it’s interesting to take a look at what’s happening in terms of individual model sales. So, we’ve examined the figures released by the National Association of Automobile Manufacturers of South Africa (Naamsa), and picked out the ten best-selling passenger vehicles for the month.
One must bear in mind that certain importers – such as Hyundai and Kia – do not submit individual model sales figures, instead only disclosing aggregate sales stats. Mercedes-Benz, too, has taken a similar stance.
In September 2016, the Volkswagen Polo Vivo stayed at the top of the pile, with the regular Polo again slotting into second. Likewise, Toyota’s combination of the Corolla, Auris and Corolla Quest (the brand reports an overall figure rather than individual model sales) held steady in third.
The Ford Fiesta, meanwhile, climbed two places to fourth, pushing the Toyota Fortuner down one to fifth. The Ford EcoSport also jumped a spot (to sixth) forcing the Toyota Etios down two places to seventh.
The Renault Sandero retained eighth position, while the Toyota Avanza made a surprise appearance on the list in ninth, leaving the BMW 3 Series to round out the table (one spot down on last month). That means there’s no place for the Toyota RAV4 (345) this month.
Other interesting snippets from September’s stats include the fact that Datsun managed to sell 126 units of its new GO+ (in addition to 318 GO hatchbacks), while Mahindra moved 130 units of its KUV100.
The BMW X5 (110), meanwhile, was the German brand’s top-selling SUV, beating out the X3 (106), X4 (78) and X6 (33). The Ford Figo – once a top-ten regular – could manage just 217 units, or 139 less than the Focus. The Everest weighed in with 103 units, as opposed to the 27 managed by the Chevrolet Trailblazer.
The Chevrolet Spark just missed out on a top-ten place, selling 424 units in September, with the Opel Mokka (100) the only other passenger vehicle product from General Motors to crack three figures for the month.
Interestingly, the soon-to-launch Honda BR-V also made an appearance in the stats, with 20 units registered in September. Honda’s top performer, however, was the Jazz (162). Mazda’s solid performance continued, with strong efforts from the CX-5 (342), Mazda3 (271) and CX-3 (228).
The Volkswagen Up! recorded an impressive total of 418 units, while four Audi R8 units were registered in September. Peugeot-Citroën could sell just 80 cars over the month, which means it was outperformed by the likes of Porsche (101), Tata (102) and Fiat-Chrysler (98).
See the top ten table below (and have a look back at August’s figures here):
South Africa’s 10 best-selling passengers cars of September 2016:
1. Volkswagen Polo Vivo – 2 822
2. Volkswagen Polo – 2 426
3. Toyota Corolla/Auris/Quest – 2 061
4. Ford Fiesta – 1 190
5. Toyota Fortuner – 1 180
6. Ford EcoSport – 987
7. Toyota Etios – 947
8. Renault Sandero – 625
9. Toyota Avanza – 572
10. BMW 3 Series – 487
http://www.carmag.co.za/news_post/sas-10-best-selling-passenger-cars-of-september-2016/
FiestaST
Honorary Master
Reacting to the latest decline in South Africa’s new vehicle sales, WesBank says the country is “nearing the bottom of this cycle”.
September saw new vehicle sales fall yet again, according to the latest sales data from the National Association of Automobile Manufacturers of South Africa (Naamsa). Just 47 399 new vehicles were sold in the month, representing a decrease of 14,3% compared to the same period in 2015.
Year-to-date, total industry sales have fallen some 11,3% (interestingly, WesBank has predicted the market would shrink 12% over 2016).
Despite September being the end of the quarter, which usually sees attractive deals to aid in meeting targets, new vehicle sales saw a sharp decline. The majority of vehicles in SA were sold to consumers through the dealer channel, where sales of passenger vehicles and Light Commercial Vehicles (LCVs) fell 14,4% and 14,8%, respectively. The contraction in the market is attributed to both rising prices for new vehicles as well inflation affecting consumer budgets.
“This sales decline remains in line with WesBank’s view of the market, which is influenced by a number of macroeconomic factors,” said Simphiwe Nghona, CEO of the Motor Retail at WesBank. “Additionally, consumer budgets are under more pressure than ever which has made it more difficult for them to either afford a new car or justify buying in the new market.”
New car prices have soared and WesBank says that in September this year the average new car financed cost R293 343, or 18% more than the same month last year. Along with higher prices for new cars, consumer budgets have to accommodate higher living costs and interest rate hikes.
However, without a corresponding increase in income their budgets have become strained and they are unable to afford additional debt. This is reflected in the 18% drop in demand for new vehicle finance this past month.
Seeking value and more affordable instalments, buyers have turned to the pre-owned market. Application volumes for used cars have grown 6,7%, year-on-year, and this demand has driven up prices. The average deal value for a used car, for September 2016, was R191 236 (an increase of 8,7%), according to WesBank.
“History has shown that the performance of the new vehicle market is cyclical, and we are nearing the bottom of this cycle. However, in the medium-term the future of the market will be determined by the verdict from the international ratings agencies,” warned Nghona.
“A downgrade in the country’s debt rating will have a number of far-reaching consequences that will have direct and indirect impacts on vehicle prices and consumer budgets,” he said.
http://www.carmag.co.za/news_post/sa-new-vehicle-market-nearing-bottom-of-cycle/
September saw new vehicle sales fall yet again, according to the latest sales data from the National Association of Automobile Manufacturers of South Africa (Naamsa). Just 47 399 new vehicles were sold in the month, representing a decrease of 14,3% compared to the same period in 2015.
Year-to-date, total industry sales have fallen some 11,3% (interestingly, WesBank has predicted the market would shrink 12% over 2016).
Despite September being the end of the quarter, which usually sees attractive deals to aid in meeting targets, new vehicle sales saw a sharp decline. The majority of vehicles in SA were sold to consumers through the dealer channel, where sales of passenger vehicles and Light Commercial Vehicles (LCVs) fell 14,4% and 14,8%, respectively. The contraction in the market is attributed to both rising prices for new vehicles as well inflation affecting consumer budgets.
“This sales decline remains in line with WesBank’s view of the market, which is influenced by a number of macroeconomic factors,” said Simphiwe Nghona, CEO of the Motor Retail at WesBank. “Additionally, consumer budgets are under more pressure than ever which has made it more difficult for them to either afford a new car or justify buying in the new market.”
New car prices have soared and WesBank says that in September this year the average new car financed cost R293 343, or 18% more than the same month last year. Along with higher prices for new cars, consumer budgets have to accommodate higher living costs and interest rate hikes.
However, without a corresponding increase in income their budgets have become strained and they are unable to afford additional debt. This is reflected in the 18% drop in demand for new vehicle finance this past month.
Seeking value and more affordable instalments, buyers have turned to the pre-owned market. Application volumes for used cars have grown 6,7%, year-on-year, and this demand has driven up prices. The average deal value for a used car, for September 2016, was R191 236 (an increase of 8,7%), according to WesBank.
“History has shown that the performance of the new vehicle market is cyclical, and we are nearing the bottom of this cycle. However, in the medium-term the future of the market will be determined by the verdict from the international ratings agencies,” warned Nghona.
“A downgrade in the country’s debt rating will have a number of far-reaching consequences that will have direct and indirect impacts on vehicle prices and consumer budgets,” he said.
http://www.carmag.co.za/news_post/sa-new-vehicle-market-nearing-bottom-of-cycle/
Mike Hoxbig
Honorary Master
I'm not sure it makes much of a difference. Cars that are built here, are cheaper in the countries that they exported to than they are here. Prices will keep going up as long as suckers are willing to buy. People gotta keep trading in to avoid that balloon...
NarrowBandFtw
Honorary Master
Good, let the industry burn! :twisted:
shooter69
Expert Member
Easy fix to this : Design and manufacture locally according to local standards.
Face it, this is not a 1st world country but we are all driving first world cars at a first world price. The chinese and indians do not have this issue as they build their own cars.
Cars like the Citi golf and Nissan champ should never have been phased out. Yes it did not conform to the European safety standards and did not have a dash mounted tablet but it was cheap and worked well in South Africa. We now pay for European standards with South African salaries.
Also, cars like the Citi golf and Nissan champ did not need maintenance plans as it was dirt cheap to keep running. All kinds of stuff gets added on to vehicle finance these days that you did not have 15/20 years ago.
Give me a simple car with a simple finance option. That's it.(kind of the route I went with my latest buy. No frills except 4x4 and no extras. Will pay for my own services).
Face it, this is not a 1st world country but we are all driving first world cars at a first world price. The chinese and indians do not have this issue as they build their own cars.
Cars like the Citi golf and Nissan champ should never have been phased out. Yes it did not conform to the European safety standards and did not have a dash mounted tablet but it was cheap and worked well in South Africa. We now pay for European standards with South African salaries.
Also, cars like the Citi golf and Nissan champ did not need maintenance plans as it was dirt cheap to keep running. All kinds of stuff gets added on to vehicle finance these days that you did not have 15/20 years ago.
Give me a simple car with a simple finance option. That's it.(kind of the route I went with my latest buy. No frills except 4x4 and no extras. Will pay for my own services).
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No deathtraps please. We already have too many road fatalities in SA.