Publications
Partners
Johannesburg - Vehicle sales in the third quarter were 35.8% higher than the same period in 2009, figures from the National Association of Automobile Manufacturers of South Africa (Naamsa) showed on Tuesday.
In that period 92 737 units were sold, an improvement of 24 460 units compared to the 68 277 new cars sold in the third quarter of 2009.
Commercial vehicle sales stood at 36 882 units, an improvement of 897 units or 2.5%.
Sales of new vehicles in most segments recorded gains, with the exception of light commercial vehicles.
Naamsa said the improvement should be seen in relation to the low base last year, when sales were depressed as a result of the global crisis and South Africa's recession.
"The 6% decline in interest rates between the end of 2008 and September 2010, stable new vehicle prices, improvements in loan finance approval rates and pent-up replacement demand continue to support new vehicle sales," it said.
Strikes in the sector during the third quarter of 2010 resulted in production and sales losses.
There had also been substantial purchases ahead of the introduction of carbon taxes in September.
In that period 92 737 units were sold, an improvement of 24 460 units compared to the 68 277 new cars sold in the third quarter of 2009.
Commercial vehicle sales stood at 36 882 units, an improvement of 897 units or 2.5%.
Sales of new vehicles in most segments recorded gains, with the exception of light commercial vehicles.
Naamsa said the improvement should be seen in relation to the low base last year, when sales were depressed as a result of the global crisis and South Africa's recession.
"The 6% decline in interest rates between the end of 2008 and September 2010, stable new vehicle prices, improvements in loan finance approval rates and pent-up replacement demand continue to support new vehicle sales," it said.
Strikes in the sector during the third quarter of 2010 resulted in production and sales losses.
There had also been substantial purchases ahead of the introduction of carbon taxes in September.
