Tag Archive | "Sales"

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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Vehicle Dealers Upbeat About Sales

Vehicle Dealers Upbeat About Sales

According to results from the latest WesBank Vehicle sales Confidence Indicator (WVsCI) for the first
quarter of 2012, overall confidence levels in sales activity amongst dealers increased to 6.4 out of 10
compared to 6.1 in the final quarter of 2011.

The indications are that automotive sector continues to remain positive at the start of 2012, with confidence levels among dealers increasing for the first three months of the year.

According to Chris De Kock, Executive Head of Sales and Marketing at WesBank, “The local vehicle sales market has showed unexpected, continued growth at the start of the new year, with total industry vehicle sales increasing by 8.8% year-on-year in January 2012 compared with the same period a year earlier.”

There has been a shift from used vehicles to new vehicles owing to the  CPI on new vehicles decreasing from 8.7% in 2009 to 4.3% for the same period in 2011.

De Kock notes that whilst confidence levels among dealers continue to remain positive, growth in
vehicle sales is likely to remain in single digits throughout 2012.

Download Press Release

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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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