Share

October motor trade sales up 16.2%

Johannesburg - South African motor trade sales rose 16.2% year-on-year in October 2012 to R42.609bn‚ compared with the corresponding month in 2011‚ data releases by Stats SA on Thursday showed. 

The highest annual growth rates were recorded for used vehicle sales (21.1%)‚ new vehicle sales (17.8%) and fuel sales (17.4%). 

For the three months ended October 2012 motor trade sales rose by 9.1% compared with the three months ended October 2011. Sales for the corresponding period in 2011 increased by 16.3%‚ Stats SA noted. 

The major contributors to the increase of 9.1% were fuel sales (12.0% and contributing 3.4 percentage points); new vehicle sales (10.6% and contributing 2.9 percentage points); and used vehicle sales (8.5% and contributing 1.4 percentage points)‚ Stats SA said. 

Seasonally adjusted motor trade sales increased by 7.2% month-on-month in October 2012‚ following month-on-month changes of -0.5% in September 2012 and 1.0% in August 2012. 

Seasonally adjusted motor trade sales increased by 1.4% for the three months ended October 2012 compared with the previous three months.

 
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.96
-0.3%
Rand - Pound
23.91
-0.1%
Rand - Euro
20.48
-0.1%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.2%
Platinum
896.95
-1.0%
Palladium
1,000.11
-0.2%
Gold
2,194.20
-0.0%
Silver
24.51
-0.6%
Brent Crude
86.09
-0.2%
Top 40
68,007
+0.5%
All Share
74,221
+0.4%
Resource 10
56,323
+1.2%
Industrial 25
103,552
+0.3%
Financial 15
16,559
+0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders