Tag Archive | "NAAMSA"

SA New Vehicle Sales Data: November 2012

SA New Vehicle Sales Data: November 2012

Key Highlights

  • Total new vehicle sales of 53 134 for the month of November
  • Overall sales 8.1% down compared to October sales figures
  • Top 4 market share:
    • Toyota SA – 21.15%
    • Volkswagen Group – 17.04%
    • GMSA – 11.28%
    • Ford – 8.99%
  • Toyota remains on track to end 2012 as the South African market leader for the 33rd consecutive year.
  • The market remains on track to reach a full year sales figure of 622 000 to 628 000 vehicles,” says Dr Johan van Zyl, President and CEO of Toyota SA Motors

NAAMSA yesterday released their vehicle sales statistics for the month of November 2012. NAAMSA commented that overall new car and commercial sales for November reflected another relatively solid performance compared to the corresponding month last year.  In the event, November, 2012 aggregate Industry domestic sales had improved by 3 636 units or 7.3% to 53 134 from 49 498 units in November last year.  Total domestic sales for the eleven months of calendar 2012 remained 9.8% ahead of the corresponding eleven months in 2011.  November, 2012 export sales at 28 541 vehicles had registered a substantial increase of 8 088 units or 39.5%.

Mercedes-Benz South Africa (MBSA) provides a single total sales number for passenger cars, commercial vehicles and export sales.  Based on historical sales trends and forecasting techniques, Messrs RGT SMART (NAAMSA’s data processing service provider) had compiled estimates for MBSA commercial vehicle sales by segment.

Overall, out of the total detailed (disaggregated) reported Industry sales of 50 736 vehicles (excluding MBSA), 82.6% or 41 929 units represented dealer sales, 6.9% represented sales to the vehicle rental Industry, 6.2% to government and 4.3% to Industry corporate fleets.

Aggregate Industry new car sales during November, 2012 had performed well and at 36 686 units (including MBSA) reflected an improvement of 3 615 units or 10.9% compared to the 33 071 new cars sold during November 2011.  The year on year improvement was despite the lower number of sales to car rental companies.  Year to date new car sales remained 11.6% ahead of the corresponding eleven months of 2011.

Including estimates for MBSA commercial vehicle sales by segment – sales of Industry new light commercial vehicles, bakkies and mini buses at 13 949 units during November, 2012 reflected a decline of 183 units or -1.3% compared to the 14 132 light commercial vehicle sales during the corresponding month last year.

Sales of vehicles in the medium and heavy truck segments of the Industry at an estimated 902 and 1 597 units, respectively, had recorded an increase of 59 units or 7.0%, in the case of medium commercial vehicles, and an increase of 145 units or 10.0%, in the case of heavy trucks and buses, compared to the corresponding month last year.

Exports of South African produced motor vehicles, including MBSA export sales data, during November, 2012 at 28 541  vehicles had registered an impressive increase  of 8 088 units or 39.5 % compared to the 20 453 vehicles exported in November last year.  Year to date export sales were 1.5% above the corresponding eleven months of 2011.  The momentum of vehicle exports was expected to improve in 2013 as various export programmes were ramped up and exports of light commercial vehicles expected to increase substantially.

Despite signs of weakness in the economy, the performance of the South African automotive sector continued to be positive.  Factors that continued supporting domestic sales included the historically low interest rate environment, strong replacement demand, the highly competitive trading environment, attractive incentives and new model introductions.  In terms of aggregate domestic sales, the Industry remained on track during 2012 for growth of around 10%.  Negative factors that could influence the new vehicle market over the medium term included a slow down in the economy, rising inflationary pressures as well as the impact of exchange rate weakness.  The modest new vehicle price increases experienced for the past two years might not be sustainable going forward.  The outlook for 2013, at this stage, was one of modest growth in vehicle volume terms – probably in the range of 6% to 8%.

TOP PERFORMING: NEW PASSENGER VEHICLES

Model Volume
1. Toyota Etios 2132
2. VW Polo Vivo 2128
3. VW Polo 2078
4. Ford Figo 1273
5. Toyota Corolla 1233
6. Toyota Yaris 976
7. BMW 3-Series 927
8. Toyota Fortuner 798
9. Renault Sandero 640
10. VW Vivo Sedan 569

 

TOP PERFORMING: NEW LIGHT COMMERCIAL VEHICLES

  Model Volume
1. Toyota Hilux 3100
2. Chev Utility 1666
3. Ford Ranger 1662
4. Nissan NP200 1546
5. Toyota Quantum 1318
6. Isuzu KB 1208
7. Nissan NP300 Hardbody 815
8. VW Amarok 422
9. Mazda BT-50 256
10 Nissan Navara 208

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SA New Vehicle Sales Data: October 2012

SA New Vehicle Sales Data: October 2012

In amplification of the new vehicle sales statistics for the month of October, 2012 – released today by NAAMSA’s independent statistical service provider, Messrs RGT SMART – the Association commented that overall new car and commercial sales for October reflected another encouraging performance compared to the corresponding month last year. Disruption at various Industrial manufacturing plants caused by the Transport sector strike, in particular during October, 2012 affected vehicle production and exports. In the event, October, 2012 aggregate Industry domestic sales had improved by 5 519 units or 10.5% to 57 845 from 52 326 units in October last year. Total domestic sales for the ten months of calendar 2012 remained 10.1% ahead of the corresponding ten months in 2011. October, 2012 export sales at 24 904 vehicles had registered a decline of 859 units or 3.3%.

Mercedes-Benz South Africa (MBSA) provides a single total sales number for passenger cars, commercial vehicles and export sales. Based on historical sales trends and forecasting techniques, Messrs RGT SMART (NAAMSA’s data processing service provider) had compiled estimates for MBSA commercial vehicle sales by segment.

Overall, out of the total detailed (disaggregated) reported Industry sales of 55 351 vehicles (excluding MBSA), 77.9% or 43 091 units represented dealer sales, 13.6% represented sales to the vehicle rental Industry, 4.9% to government and 3.6% to Industry corporate fleets.

Aggregate Industry new car sales during October, 2012 had maintained upward momentum and at 41 621 units (including MBSA) reflected an improvement of 4 795 units or 13.0% compared to the 36 826 new cars sold during October 2011. Year to date new car sales remained 11.7% ahead of the corresponding ten months of 2011. The October 2012 new car market, for the fourth month in succession, had been supported by strong demand on the part of car rental companies with the car rental Industry accounting for 18.4% of total sales.

Including estimates for MBSA commercial vehicle sales by segment – sales of Industry new light commercial vehicles, bakkies and mini buses at 13 682 units during October, 2012 reflected an increase of 697 units or 5.4% compared to the 12 985 light commercial vehicle sales during the corresponding month last year.

Sales of vehicles in the medium and heavy truck segments of the Industry at an estimated 913 and 1 629 units, respectively, had recorded an increase of 81 units or 9.7%, in the case of medium commercial vehicles, and a decline of 54 units or 3.2%, in the case of heavy trucks and buses, compared to the corresponding month last year.

Exports of South African produced motor vehicles, including MBSA export sales data, during October, 2012 at 24 904 vehicles had registered a decline of 859 units or 3.3 % compared to the 25 763 vehicles exported in October last year. Year to date export sales remained 2.0% below the corresponding ten months of 2011, mainly due to the softening of demand from Europe resulting from the recession in the Eurozone. The momentum of vehicle exports was however expected to improve over the balance of the year and particularly in 2013 as various export programmes were ramped up and with exports of light commercial vehicles expected to increase substantially in 2013.

Against the backdrop of weak momentum in the overall economy, the performance of the South African automotive sector continued to surprise on the upside. There were a number of factors that would continue to support domestic sales. These included the historically low interest rate environment, replacement demand, which remains a solid driving force, the highly competitive trading environment, attractive incentives, the variety of choice and ongoing new model introductions. In terms of domestic sales, the Industry remained on track during 2012 for growth of around 10%. Negative factors that could influence the new vehicle market over the balance of the year and in 2013 include rising inflationary pressures despite subdued economic growth as well as the impact of Rand weakness on modest vehicle price increases experienced for the year to date, which may not be sustainable going forward.

TOP PERFORMING: NEW PASSENGER VEHICLES

Model Volume
1. VW Polo 2646
2. Toyota Etios 2625
3. VW Polo Vivo 2574
4. Toyota Fortuner 1754
5. BMW 3 –Series 1520
6. Toyota Corolla 1498
7. Ford Figo 1353
8. Chev Sonic 969
9. Toyota Yaris 839
10. VW Vivo Sedan 767

 

TOP PERFORMING: NEW LIGHT COMMERCIAL VEHICLES

  Model Volume
1. Toyota Hiliux 2283
2. Chev Utility 1762
3. Nissan NP200 1546
4. Ford Ranger 1511
5. Toyota Quantum 1238
6. Isuzu KB 1199
7. Nissan NP300 Hardbody 991
8. VW Amarok 442
9. Mazda BT-50 299
10 Nissan Navara 237

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SA New Vehicle Sales Data: September 2012

SA New Vehicle Sales Data: September 2012

Highlights 

1 Vehicle sales indicate Volkswagen Group South Africa market leader in the passenger car market for nine consecutive month
2 Polo Vivo the bestselling car in South Africa in September
3 FMCSA exports out-perform industry. Export sales grew 8% on last month, out-performing the rest of the SA motor industry, which recorded 6% growth
4 FMCSA car sales grew 5%, while the passenger car market slowed 2% on August, FMCSA car sales grew 5%
5 Chevrolet Utility top selling vehicle in the sub-1 ton LCV segment
6 Volkswagen Group South Africa market leader in the passenger car market for nine consecutive month
7 Private buyers supplement slower rental sales

 

In amplification of the new vehicle sales statistics for the month of September, 2012 – released today by NAAMSA’s independent statistical service provider, Messrs RGT SMART – the Association commented that following many months, during 2012, of double digit year on year growth, the September, 2012 new vehicle sales reflected a significant statistical slow down in underlying growth momentum.  This could be attributed, in part, to the high base effect since last years’ September new vehicle sales represented a particularly strong month.  However, the tragic events at Marikana together with the current high level of industrial action in an increasing number of sectors in the economy – had dented business confidence in South Africa.  Consumers similarly would have been affected and concerns about the macro socio- economic environment in the country was likely to have resulted in a deferral of purchasing decisions.  In the event, September, 2012 aggregate Industry domestic sales had improved by 740 units or 1.4% to 55 097 from 54 357 units in September last year.  Total domestic sales for the nine months of calendar 2012 remained 10.0% ahead of the corresponding nine months in 2011.  September, 2012 export sales at 26 638 vehicles had registered marginal improvement of 703 units or 2.7%.

Mercedes-Benz South Africa (MBSA) provides a single total sales number for passenger cars, commercial vehicles and export sales.  Based on historical sales trends and forecasting techniques, Messrs RGT SMART (NAAMSA’s data processing service provider) had compiled estimates for MBSA commercial vehicle sales by segment.

Overall, out of the total detailed (disaggregated) reported Industry sales of 52 368 vehicles (excluding MBSA), 78.4% or 41 040 units represented dealer sales, 13.9% represented sales to the vehicle rental Industry, 3.4% Industry corporate fleet sales and 4.3% to government.

Aggregate Industry new car sales during September, 2012 had maintained modest upward momentum and at 39 496 units (including MBSA) reflected an improvement of 1 667 units or 4.4% compared to the 37 829 new cars sold during September 2011.  Year to date new car sales remained 11.5% ahead of the corresponding nine months of 2011, whilst the daily selling rate during September, 2012 had continued close to 6 year high levels. The September 2012 new car market, for the third month in succession, had been supported by strong demand on the part of car rental companieswith the car rental Industry accounting for 18.6% of total sales.

Including estimates for MBSA commercial vehicle sales by segment – sales of Industry new light commercial vehicles, bakkies and mini buses had reflected a decline and at 13 279 units during September, 2012 showed a decrease of 725 units or 5.2% compared to the 14 004 light commercial vehicle sales during the corresponding month last year.  The sales figures probably reflected a fall in general business confidence.

Sales of vehicles in the medium and heavy truck segments of the Industry at an estimated 779 and 1 543 units, respectively, had recorded a decrease of 73 units or 8.6%, in the case of medium commercial vehicles, and a decline of 129 units or 7.7%, in the case of heavy trucks and buses, compared to the corresponding month last year.  The weak sales performance also reflected lower business confidence.

Exports of South African produced motor vehicles, including MBSA export sales data, during September, 2012 at 26 638 vehicles had registered a marginal improvement  of 703 units or 2.7 % compared to the 25 935 vehicles exported in September last year.  The momentum of Industry export sales could receive support over the medium term as various export programmes were ramped up.  Exports of light commercial vehicles in particular were expected to increase substantially in 2013.  However, exports into Europe would remain under pressure as the Eurozone automotive Industry continued to be characterized by massive over capacity and sluggish demand.

Despite prospects of a lower domestic economic growth environment, there were a number of factors that would continue to support domestic sales.  These included historically low interest rates, ongoing improvement in vehicle affordability in real terms and higher demand for credit by households and businesses.  The recent 0.5% reduction in interest rates would also support sales of consumer durable products, particularly new motor vehicles.  The highly competitive trading environment, attractive incentives and new model introductions also supported demand.  In terms of domestic sales, the Industry remained on track during 2012 for growth of around 10%.

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.

TOP PERFORMING: NEW PASSENGER VEHICLES

Model Volume
1. VW Polo Vivo 2587
2. VW Polo 2233
3. Toyota Etios 1736
4. Toyota Corolla 1383
5. BMW 3 –Series 1226
6. Ford Figo 1179
7. Chev Spark 1011
8. Toyota Fortuner 967
9. VW Polo Vivo Sedan 799
10. Chev Sonic 725

 

TOP PERFORMING: NEW LIGHT COMMERCIAL VEHICLES

  Model Volume
1. Toyota Hiliux 2813
2. Chev Utility 1411
3. Nissan NP200 1380
4. Ford Ranger 1272
5. Toyota Quantum 1161
6. Isuzu KB 1158
7. Nissan NP300 Hardbody 960
8. VW Amarok 483
9. Mazda BT-50 257
10 Toyota Landcruiser PU 201

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SA New Vehicle Sales Data: August 2012

SA New Vehicle Sales Data: August 2012

In amplification of the new vehicle sales statistics for the month of August, 2012 – released today by NAAMSA’s independent statistical service provider, Messrs RGT SMART – the Association commented that the August new vehicle sales had maintained the steady growth trend of the first seven months of 2012 with sales in the major segments registering relatively decent gains compared to the corresponding month last year. August, 2012 aggregate Industry domestic sales had improved by 4 844 units or 9.4% to 56 253 vehicles from 51 409 units in August last year. Total domestic sales for the eight months of calendar 2012 remained 11.3% ahead of the corresponding eight months in 2011. August, 2012 export sales at 25 024 vehicles had registered marginal improvement rising by 188 units or 0.8%.

Mercedes-Benz South Africa (MBSA) provides a single total sales number for passenger cars, commercial vehicles and export sales. Based on historical sales trends and forecasting techniques, Messrs RGT SMART (NAAMSA’s data processing service provider) had compiled estimates for MBSA commercial vehicle sales by segment.

Overall, out of the total detailed (disaggregated) reported Industry sales of 53 725 vehicles (excluding MBSA), 81.1% or 43 546 units represented dealer sales, 11.5% represented sales to the vehicle rental Industry, 3.9% Industry corporate fleet sales and 3.5% to government.

Aggregate Industry new car sales during August, 2012 had maintained upward momentum and at 40 345 units (including MBSA) reflected an improvement of 4 153 units or 11.5% compared to the 36 192 new cars sold during August 2011. Year to date new car sales remained 12.5% ahead of the corresponding eight months of 2011, whilst the daily selling rate during August, 2012 had continued close to 5 year high levels. 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 sales. The contribution by car rental companies was expected to remain high over the next few months as the car rental Industry continued to re-fleet.

Including estimates for MBSA commercial vehicle sales by segment – sales of Industry new light commercial vehicles, bakkies and mini buses had reflected reasonable growth and at 13 637 units during August, 2012 showed an increase of 731 units or 5.7% compared to the 12 906 light commercial vehicle sales during the corresponding month last year.

Sales of vehicles in the medium and heavy truck segments of the Industry at an estimated 815 and 1 456 units, respectively, had recorded an increase of 86 units or 11.8%, in the case of medium commercial vehicles, and a decline of 126 units or 8.0%, in the case of heavy trucks and buses, compared to the corresponding month last year.

Exports of South African produced motor vehicles, including MBSA export sales data, during August, 2012 at 25 024 vehicles had registered a marginal improvement of 188 units or 0.8 % compared to the 24 836 vehicles exported in August last year. The momentum of Industry export sales was expected to improve over the balance 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.

Despite prospects of a lower economic growth environment, the automotive sector continued to perform remarkably well. Factors that would continue to support domestic sales included historically low interest rates, ongoing improvement in vehicle affordability in real terms, improving demand for credit by households and businesses. The recent 0.5% reduction in interest rates should also support sales of consumer durable products, particularly new motor vehicles. The highly competitive trading environment, attractive incentives and new model introductions would also support demand. In terms of domestic sales, the Industry remained on track during 2012 for growth of around 10%. 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.

TOP PERFORMING: NEW PASSENGER VEHICLES
Model Volume
VW Polo Vivo 2654
VW Polo 2158
TOYOTA Etios 1563
TOYOTA Corolla 1541
BMW 3-Serie 1200
TOYOTA Yaris 1096
VW Polo Vivo Sedan 1060
TOYOTA Fortuner 961
FORD Figo 877
Chev Spark 822
TOP PERFORMING: NEW LIGHT COMMERCIAL VEHICLES
Model Volume
TOYOTA Hilux 2942
Nissan NP200 1652
CHEV Utility 1555
TOYOTA Quantum 1355
FORD Ranger 1238
Isuzu KB 1192
Nissan NP300 Hardbody 759
VW Amarok 515
TOYOTA Landcruiser PU 270
MAZDA BT-50 180

 

Source: NAAMSA

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SA New Vehicle Sales Data: July 2012

SA New Vehicle Sales Data: July 2012

The new vehicle sales statistics for the month of July, 2012, were released by the National Association of Automobile Manufacturers of South Africa (NAAMSA) last week on the 2nd of August. The Association commented that the July new vehicle sales reflected another encouraging performance with sales in all the major segments registering solid gains compared to the corresponding month last year.  July, 2012 aggregate Industry domestic sales had improved by 8 381 units or 18.3% to 54 067 vehicles from 45 686 units in July last year. Total domestic sales for the seven months of calendar 2012 remained 11.6% ahead of the corresponding seven months in 2011.  July, 2012 export sales at 27 625 vehicles had also registered gains rising by 2 862 units or 11.6%.

Mercedes-Benz South Africa (MBSA) provides a single total sales number for passenger cars, commercial vehicles and export sales. Based on historical sales trends and forecasting techniques, Messrs RGT SMART (NAAMSA’s data processing service provider) compiles estimates for MBSA commercial vehicle sales by segment.

Overall, out of the total detailed (disaggregated) reported Industry sales of 51 476 vehicles (excluding MBSA), 80.3% or 41 317 units represented dealer sales, 12.3% represented sales to the vehicle rental Industry, 3.8% to Industry corporate fleet sales and 3.6% to government.  

Aggregate Industry new car sales during July, 2012 had remained strong and at 37 844 units (including MBSA) reflected an improvement of 5 817 units or 18.2% compared to the 32 027 new cars sold during July 2011.  Year to date new car sales were 12.7% ahead of the corresponding seven months of 2011.  The daily selling rate during July, 2012 had remained at five year high levels. The July 2012 new car market had received support from strong demand by car rental companies with the car rental Industry accounting for 16.5% of total sales. The contribution by car rental companies was expected to remain high over the next few months as the car rental Industry continued to re-fleet.

Including estimates for MBSA commercial vehicle sales by segment – sales of Industry new light commercial vehicles, bakkies and mini buses had reflected strong growth and at 13 781 units during July, 2012 reflected an increase of 2 370 units or 20.8% compared to the 11 411 light commercial vehicle sales during the corresponding month last year.

Sales of vehicles in the medium and heavy truck segments of the Industry at an estimated 823 and 1 619 units, respectively, had recorded an increase of 60 units or 7.9%, in the case of medium commercial vehicles, and a rise of 134 units or 9.0%, in the case of heavy trucks and buses, compared to the corresponding month last year.

Exports of South African produced motor vehicles, including MBSA export sales data, during July, 2012 at 27 625 vehicles had registered an improvement of 2 862 units or 11.6 % compared to the 24 763 vehicles exported in July last year. The momentum of Industry export sales should improve further over the balance of the year as various vehicle export programmes were ramped up, particularly exports of light commercial vehicles were expected to increase substantially.

Despite prospects of further slowing in the domestic economy, the automotive sector continued to perform remarkably well. A number of factors were expected to support domestic sales and these included historically low interest rates, further improvement in vehicle affordability in real terms, improving demand for credit by households and businesses. The recent 0.5% reduction in interest rates should also underpin sales of consumer durable products, particularly new motor vehicles.  The highly competitive trading environment, attractive incentives and new model introductions would also support demand. In terms of domestic sales, the Industry remained on track during 2012 for growth of around 10%.  In respect of future export sales, uncertainty prevailed regarding the potential impact of the economic recession inEuropeand softer growth in other International markets.

Source: NAAMSA

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SA New Vehicle Sales Data: May 2012

SA New Vehicle Sales Data: May 2012

 

In amplification of the new vehicle sales statistics for the month of May, 2012 – released today by the National Association of Automobile Manufacturers of South Africa (NAAMSA) – the Association commented that domestic new car and commercial vehicle sales for the month had registered strong gains compared to the corresponding month last year. Aggregate Industry sales had improved by 8 604 units or 20.7% to 50 229 vehicles from 41 625 units in May last year, substantially above the growth rate in Industry total sales of 9.4% for the first five months of the year.

For the time being, Mercedes-Benz South Africa (MBSA) would provide a single total sales number for passenger cars, commercial vehicles and export sales. Based on historical sales trends and forecasting techniques, Messrs RGT SMART (NAAMSA’s data processing service provider) had compiled estimates for MBSA commercial vehicle sales by segment.

Overall, out of the total detailed (disaggregated) reported Industry sales of 47 717 vehicles (excluding MBSA), 90.3 % or 43 089 units represented dealer sales, 4.3% represented sales to the vehicle rental Industry, 3.8% to Industry corporate fleet sales and 1.6 % sales to Government. From a seasonal perspective, sales to car rental companies should improve from June, 2012 onwards as the car rental Industry started to re-fleet.

Assisted by new model introductions and an improvement in stock availability, aggregate Industry new car sales during May 2012 had been surprisingly strong and at 34 820 units (including MBSA) reflected an improvement of 5 999 units or 20.8 % compared to the 28 821 new cars sold during May 2011. The year on year growth momentum in May new car sales had improved rising to its best level in the past eight months with year to date new car sales 11.3% ahead of the corresponding five months of 2011. New car sales during May, 2012 recorded the highest daily selling rate since June, 2007.

Including estimates for MBSA commercial vehicle sales by segment – sales of Industry new light commercial vehicles, bakkies and mini buses at 12 907 units during May, 2012 reflected an increase of 2 287 units or 21.5% compared to the 10 620 light commercial vehicle sales during the corresponding month last year.

Sales of vehicles in the medium and heavy truck segments of the Industry at an estimated 881 and 1 621 units, respectively, had recorded an increase of 135 units or 18.1%, in the case of medium commercial vehicles, and a rise of 183 units or 12.7%, in the case of heavy trucks and buses, compared to the corresponding month last year. Most manufacturers in these sectors reported strong order books going forward.

Exports of South African produced motor vehicles, including MBSA export sales data, during May, 2012 at 22 620 vehicles had registered an improvement of 560 units or 2.5 % compared to the 22 060 vehicles exported in May last year. Industry export sales were expected to improve over the balance of the year as the Ford global compact vehicle export programme and the BMW new 3 series export volumes were ramped up. The Industry’s export performance would remain a function of the direction of the global economy. Vehicle exports into Europe were likely to continue under pressure as a result of the recession and debt crisis in the Eurozone.

Factors that would continue to lend support to the domestic market included the ongoing improvement in the financial position of consumers, historically low interest rates, continuing improvement in vehicle affordability in real terms, the highly competitive trading environment and new model introductions. Continued growth in consumer expenditure and public sector infrastructural investment would also support domestic new vehicle sales. The recent sharp depreciation in the exchange rate was also likely to result in pre-emptive buying over the next few months as consumers sought to purchase vehicles to avoid the possible impact of the lower exchange rate on new vehicle prices.

Source: NAAMSA

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SA New Vehicle Sales Data: April 2012

SA New Vehicle Sales Data: April 2012

 

New car vehicle sales for the month of April registered a 10.5% improvement compared to corresponding month last year with exports showing an 11% decline.

Aggregate Industry sales had improved by 4 034 units or 10.5% to 42 617 vehicles from 38 583 units in April last year well above the growth rate in Industry total sales of 6.9% for the first four months of the year.

However sales growth for the first quarter of 2012 was significantly lower compared to the first quarter of 2011 across all sectors.

Aggregate Industry new car sales during April 2012 had performed reasonably well and at 29 517 units (including MBSA) reflected an improvement of 3 190 units or 12.1 % compared to the 26 327 new cars sold during April 2011.

Including estimates for MBSA commercial vehicle sales by segment; sales of Industry new light commercial vehicles, bakkies and mini buses at 11 028 units during April, 2012 reflected an increase of 741 units or 7.2% compared to the 10 287 light commercial vehicle sales during the corresponding month last year.

Sales of vehicles in the medium and heavy truck segments of the Industry at an estimated 668 and 1 404 units, respectively, had recorded an increase of 74 units or 12.5%, in the case of medium commercial vehicles, and a rise of 29 units or 2.1%, in the case of heavy trucks and buses, compared to the corresponding month last year. For the first quarter of 2012, commercial vehicle sales had underperformed the growth in the new car market.

Exports of South African produced motor vehicles, including MBSA export sales data, during April, 2012 at 17 656 vehicles had registered a decline of 2 172 units or 11.0 % compared to the 19 828 vehicles exported during April last year.

Industry export sales were expected to improve modestly over the balance of the year as the Ford global compact vehicle export programme and the BMW new 3 series export volumes were ramped up.

However, the Industry’s overall export performance during 2012 would remain a function of the direction of the global economy. Vehicle exports into Europe remained under pressure as a result of the recession and debt crisis in the Eurozone. As a result, Industry vehicle export projections had been revised downwards and were now expected to reach about 270 000 vehicles down from 300 000 units originally projected for 2012.

Source: Naamsa

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SA New Vehicle Sales Data: March 2012

SA New Vehicle Sales Data: March 2012

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NAAMSA commented that overall new car and commercial vehicle sales for the month had registered modest gains compared to the corresponding month last year.

  • Aggregate Industry sales had improved by 2 552 units or 4.8% to 56 110 vehicles from 53 558 units in March last year.
  • Total aggregate Industry new car sales during March 2012 at 38 970 units reflected an improvement of 3 802 units or 10.8 % compared to the 35 168 new cars sold during March 2011.
  • 14556 sales of light commercial vehicles, bakkies and mini buses which represented a 7.5% decline compared to the 15 739 units sold in the corresponding month last year.
  • Decline in sales of 2.3% and 2.7% for sales of medium and heavy trucks respectively, compared to the corresponding  month last year
  • Exports of South African produced motor vehicles, including MBSA export sales, during March, 2012 at 23 956 vehicles reflected a decline of 6 070 units or a fall of 20.2% compared to the 30026 vehicles exported during March last year.

According to NAAMSA Industry export sales should improve during the months ahead as the Ford Global Compact Vehicle Export Programme and the BMW new 3 series export volumes were ramped up. Vehicle exports into Europe had softened as a result of the recession and debt crisis in the Eurozone. The Industry’s export performance during 2012 would remain a function of the direction of the global economy. Higher export volumes to African countries however were anticipated.

Factors that would continue to lend support to the domestic market included the recent marginal improvement in the financial position of consumers, relatively low interest rates, continuing improvement in vehicle affordability in real terms, the highly competitive trading environment and new model introductions.

The outlook for 2012 in terms of total Industry sales was one of modest, single digit growth. However, sharp increases in energy and transport costs would impact negatively on consumer disposable income in the months ahead. Record high fuel prices should also reinforce the growing trend in favour of more fuel efficient vehicles. Growth in consumer spending on durable goods was expected to moderate over the medium term.

Based on these considerations, domestic sales were expected to continue to reflect growth but at relatively subdued rates.

TOP PERFORMING: NEW PASSENGER VEHICLES: March 2012

 

Model

Volume

1 VW Polo Vivo

2289

2 Toyota Corolla

1925

3 VW Polo

1875

4 Ford Figo

1313

5 Toyota Fortuner

1072

6 BMW 3 Series

943

7 Toyota Yaris

820

8 Chev Aveo

800

9 VW Golf 6

734

10 BMW 1 Series

690

 

TOP PERFORMING: NEW LIGHT COMMERCIAL VEHICLES: March 2012

 

Model

Volume

1 Toyota Hilux

3189

2 Nissan NP200

1829

3 Ford Ranger

1753

4 Chev Utility

1699

5 Isuzu KB

1171

6 Toyota Quantum

1038

7 Nissan NP300 Hardbody

775

8 VW Amarok

632

9 Toyota Landcruiser PU and Nissan Navara

287

10 Mahindra Scorpio Pik Up

163


Watch ABN’s David Williams interview Jeff Osborne, the CEO of RMI, for more on the vehicles sales data for March.

 

Source: NAAMSA


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New Vehicle Manufacturing Industry: Capital Expenditure 2005 - 2012

New Vehicle Manufacturing Industry: Capital Expenditure 2005 – 2012

The National Association of Automobile Manufacturers of South Africa (NAAMSA) on the 8th of February released figures on the Capital Expenditure within the automotive industry for the years 2005 – 2012. These figures represent aggregated data from the seven major vehicle manufacturers and one separate Truck and Bus manufacturer.

As can be seen from the graph below the 2012 projections show a relatively huge jump with regards to Capital Expenditure for the year. According to the NAAMSA press release this is related in a large part to the  Automotive Production and Development Programme (APDP) Investment projects.

The graph also indicates a huge decrease with regards to expenditures on Land and Buildings in 2012 and is in fact the lowest since 2005.  Investment in Support infrastructure continues its upward trend from 2010, with the 2012 projections suggesting that this will be the highest since 2005.

Source: NAAMSA

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SA New Vehicle Sales Data: Feb 2012

SA New Vehicle Sales Data: Feb 2012

The National Association of Automobile Manufacturers of South Africa (NAAMSA), reported aggregate Industry sales had improved by 3 159 units or 6.4% to 52 356 vehicles from 49 197 units in February last year.

Due to the discontinued participation of Mercedes-Benz South Africa in the SA automotive industry’s domestic new vehicle sales and export stats as a result of global directive by Daimler AG in Germany, for the time being, Mercedes-Benz South Africa (MBSA) would provide a single total sales number for passenger cars, commercial vehicles and export sales.

Aggregate Industry new car sales during February 2012 at 36 357 units (including MBSA) reflected an improvement of 2 303 units or 6.8 % compared to the 34 054 new cars sold during February 2011. The new car market had received support from car rental Industry demand which accounted for about 10.5 % of total new car sales.

Industry total commercial vehicle sales during February, 2012 at 15 999 units showed an improvement of 856 units or 5.7% compared to the 15 143 units of the corresponding month last year.

Exports of South African produced motor vehicles, including MBSA export sales data, during February, 2012 at 22 630 vehicles had registered a decline of 2 525 units or 10.0 % compared to the 25 155 vehicles during February last year.

The outlook for 2012 in terms of total industry sales remained one of modest growth.

Some of the factors seen to lend support to the domestic part include:

  • The ongoing improvement in the financial position of consumers,
  • Relatively low interest rates,
  • Continuing improvement in vehicle affordability in real terms,
  • The highly competitive trading environment and new model introductions.

As a result, domestic sales were expected to continue to reflect growth, but at a relatively subdued rate.

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