• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
See More

January vehicle sales up 14.1%

Feb 04 2013 11:45
I-Net Bridge
Toyota Prius

Industry body Naamsa believes rand weakness has contributed to pre-emptive buying by consumers hoping to avoid paying more for new vehicles. (Picture: AP)

Related Articles

Low interest rates jumpstart car sales

New car sales pick up speed

New vehicle sales accelerate

Vehicle sales zoom ahead

Lower rates boost 2011 vehicle sales

Automotive sector gears up for record

Johannesburg - New vehicle sales rose 14.1% in January to 55 007 units from 48 202 units in the same period a year ago‚ according to the latest National Association of Automobile Manufacturers of SA (Naamsa) data.

The new passenger car market improved by 12.3% to 39 738 units‚ supported by strong demand from the car rental industry‚ which accounted for 22.5% of the total sales.

Recent rand weakness would have contributed to pre-emptive buying by consumers to avoid higher expected new vehicle prices‚ the association said.

Including estimates for Mercedes-Benz (MBSA) commercial vehicle sales by segment - sales of new light commercial vehicles‚ bakkies and mini buses leapt 20% to 13 346 from 11 120 a year ago.

Sales of medium commercial vehicles rose 10.6% to 700 units‚ while heavy trucks and buses were up 15.5% to 1 223 units compared with the same time last year.

Exports of South African-produced motor vehicles lifted 49.9% to 17 399 compared with 11 605 vehicles in January last year. Naamsa said the momentum of vehicle exports was expected to improve further over the balance of the year and particularly exports of light commercial vehicles.

“Despite indications of slower growth in the economy‚ the performance of the South African automotive sector continued to surprise on the upside. The overall near term outlook for the automotive sector remained reasonably positive‚” it said.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

naamsa  |  vehicle sales


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote