Johannesburg - New vehicle sales continued to grow steadily
in August, the National Association of Automobile Manufacturers of SA (Naamsa)
said on Tuesday.
"New vehicle sales... maintained the steady growth
trend of the first seven months of 2012," Naamsa said.
Sales in the major segments had registered "relatively
decent gains" compared to the corresponding month last year.
Aggregate industry domestic sales grew 9.4% to 56 253
vehicles from 51 409 units last August.
Toyota sold 12 220 vehicles while Volkswagen sold 9 947.
Export sales grew by a marginal 0.8% to 25 024 vehicles in
Naamsa expected export sales to improve for the rest of the
year and into 2013 as various export programmes were ramped up.
"Exports of light commercial vehicles in particular
were expected to increase substantially in 2013."
Total domestic sales for the first eight months of the year
were 11.3% ahead of the corresponding eight months in 2011.
Mercedes-Benz SA (MBSA) provides a single total sales number
for passenger cars, commercial vehicles and export sales. Estimates for MBSA
commercial vehicle sales by segment were compiled using historical trends and
Excluding MBSA figures, 81% of industry vehicle sales went
to dealers, 11.5% represented sales to the vehicle rental industry, 3.9% to
corporate fleet sales and 3.5% to the government.
New car sales in August were close to five-year highs,
"The August 2012 new car market, for the second month
in succession, had been supported by strong demand on the part of car rental
companies with the car rental industry accounting for 15.2% of total
Naamsa expected the contribution by car rental companies to
remain high over the next few months as the car rental industry continued to
Sales of new light commercial vehicles, bakkies and
minibuses reflected reasonable growth in August, increasing by 731 units to 13
637 units compared to the same month last year. This includes estimates for
MBSA commercial vehicle sales.
Sales of vehicles in the medium truck segment grew 86 units
to an estimated 815 in August.
The heavy truck segment declined by 126 units or 8% to 1 456 units in August compared to the corresponding month last year.
Naamsa was fairly positive about the automotive industry.
"Despite prospects of a lower economic growth
environment, the automotive sector continued to perform remarkably well,"
Historically low interest rates would continue to support
domestic sales, as well as improving demand for credit by households and
"The highly competitive trading environment, attractive
incentives and new model introductions would also support demand."
Naamsa expected domestic sales to grow by around 10% during
However, 2013 could be more difficult.
"Looking ahead to 2013, increasing inflationary
pressures on the back of expected higher fuel and food prices and the impact of
rand weakness on new vehicle pricing were likely to result in a more difficult
trading environment and more subdued growth in vehicle sales," Naamsa
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