Categorized | Industry News, News

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

Follow me on TwitterFollow me on InstagramAdd me to your circlesRSS FeedFriend me on Facebook

New Audi TT S

Ken Block Spied Filming Gymkhana 7

@autometh On Instagram

BMW M4 with Akrapovic Exhaust

NEW 2015 Mercedes-AMG GT