New-vehicle sales continue to drop, truck sales jump as rail system falters
Total new-vehicle sales in October dropped by 2%, to 45 445 units, compared with the same month last year, reports naamsa | The Automotive Business Council.
This was the third consecutive month of sales decline in the domestic market.
The new-passenger-car market reached 29 912 units last month – a drop of 3.5%, compared with October last year.
Car rental sales accounted for 18.3%, or 5 468 units, of new-passenger-vehicle sales.
Sales of new bakkies, vans and minibus taxis – light commercial vehicles – were down 3% in October, to 12 361 units.
Medium-truck sales increased by 8.3%, reaching 807 units, while heavy-truck and bus sales jumped by 26%, to 2 365 units, owing to growing inefficiency in the rail sector, with freight continuing to shift to road, notes naamsa.
New-vehicle export sales in October, at 40 302 units, increased by 39.5%, compared with the same month last year.
However, October 2022 numbers were affected by a strike at rail and port operator Transnet.
Vehicle exports for the year to end-October were 12.7% ahead of the same period last year.
Comments
Research Reports
Projects
Latest Multimedia
Showroom
ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...
VISIT SHOWROOM
ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
