Johannesburg - South African motor trade sales rose by 11.1% year-on-year (y/y) in November to R43.6bn after a revised 16.9% (16.2%) y/y increase in October‚ data released by Statistics SA (Stats SA) on Thursday showed.
The highest y/y growth rates for November were recorded for fuel sales (13.5%)‚ new vehicle sales (13.4%) and convenience store sales (10.4%).
Seasonally adjusted motor trade sales decreased by 1.9% month-on-month in November 2012‚ following monthly changes of 7.5% in October 2012 and -0.2% in September 2012.
Seasonally adjusted motor trade sales increased by 4.5% in the three months ended November 2012 compared with the previous three months.