• Don't commit legacide

    Common but false legacy business ideas could be slient killers of innovation, says Ian Mann.

  • A special kind of coup

    Scared or compromised ANC leaders seem ready for collective suicide, says Solly Moeng.

  • Excuses, excuses...

    ‘White monopoly capital' is just a ploy to avoid SA’s real problems, say two analysts.

All data is delayed
Loading...
See More

Low interest rates jumpstart car sales

Nov 02 2012 11:12
Reuters

Johannesburg - South Africa’s total new vehicle sales increased by 10.5% year-on-year in October to 57 845 units, partly boosted by record low interest rates, the National Association of Automobile Manufacturers (Naamsa) said on Friday.

Exports of locally produced vehicles however fell by 3.3% year-on-year in October, Naamsa said in a statement.   

Disruption at various manufacturing plants linked to a transport sector strike had affected output and exports during the month.

While relatively lower lending rates were helping boost domestic sales, rising inflationary pressures and a weaker rand could push vehicle prices unsustainably higher, weighing on demand for the remainder of the year and in 2013.

 
naamsa  |  vehicle sales  |  interest rates

NEXT ON FIN24X

 
 
 

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
8 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

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

Voting Booth

Do you think women are under-represented in leadership positions globally?

Previous results · Suggest a vote

Loading...