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New vehicle sales ratchet up

Johannesburg -  South Africa’s total new vehicle sales increased by 11% year-on-year (y/y) to 43 790 units in December, the National Association of Automobile Manufacturers (Naamsa) said on Tuesday. 

The December vehicle numbers exclude data from Mercedes-Benz South Africa which has halted reporting sales and export figures after receiving a directive from German parent company Daimler.

“Despite the fact that detailed sales of Mercedes-Benz vehicles were not reported during December - new vehicle sales ended the year 2011 on a relatively buoyant note,” Naamsa said.

Factoring in a conservative estimate of Mercedes-Benz' figures for December, vehicle sales would have increased by about 14.5% y/y to about 45 200 units.

Industry sales for 2011 were up about 15.9% at an estimated 571 425 units compared to the number of vehicles sold the previous year.

Assuming economic growth of 3% and 3.5% for South Africa in 2012, vehicle sales are seen at around 611 500 this year, Naamsa said, adding however that the next 12 months are likely to be challenging.

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