• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
See More

Vehicle sales end positive in 2012

Jan 09 2013 11:52

Johannesburg - New vehicle sales ended 2012 on a positive note with a year-on-year increase of 1.8% in December, the National Association of Automobile Manufacturers said on Wednesday. 

A total of 46 016 vehicles were sold in December 2012, an improvement of just 825 on the previous year. 

The new passenger car market recorded a year-on-year increase of 7.6%, which was supported by a strong demand from car rental companies, a sector which accounts for 14.3% of total sales. 

Export sales recorded a substantial year-on-year increase of 5 554 units or 39.2%. 

Naamsa said that after extensive discussions, Mercedes-Benz would resume full reporting of its new vehicle sales and exports. 

In December 2011, the German manufacturer withdrew from reporting its sales to Naamsa after a global directive by its parent company Daimler AG. 

Naamsa director Nico Vermeulen said 2012 vehicle sales improved by 9.2% to 623 914 units when compared with a total of 571 415 new vehicles sold in South Africa in 2011. 

He said export sales performed relatively well during 2012 and stood at 277 844 vehicles, which was the second highest annual export figure on record.

"On balance, 2012 turned out to be a year of relatively solid growth. 

"New vehicle sales generally, and new car sales in particular, performed well above initial expectations despite a slowing economy," said Vermeulen. 

He said motor industry-related sales turnover had grown by about 11% and reached about R182bn in 2012. 

New vehicle export sales were estimated to have added a further R52bn to the total industry revenue. 

Vermeulen said South Africa's track record as a car manufacturer had been firmly established, with vehicle exports currently destined for 148 international markets. 

Total industry exports were projected to reach about 361 000 units during 2013, he said. 

On the assumption that the South African economy would grow in real terms by three percent in 2013, Naamsa projected an increase of 7.3% in vehicle domestic sales.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

naamsa  |  vehicle sales


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote