New-vehicle sales up 4.8% in January, exports down 1.8%
New-vehicle sales increased by 4.8% in January, to 43 509 units, compared with the same month last year.
New-passenger-car sales gained 2.9%, to 31 072 units.
The car-rental industry showed strong support for the new-passenger-car market and accounted for 16.2% of sales in January.
Sales of bakkies, small trucks, vans and minibuses increased by 10.4%, to 10 622 units.
Medium-truck sales grew by 2.9%, at 461 units, with heavy-truck and bus sales increasing by 9.9%, to 1 354 units.
New-vehicle exports saw a decline of 1.8%, to 20 536 units.
Naamsa | The Automotive Business Council describes January’s sales numbers as a “weak performance” in line with a “depressed economy” facing ongoing structural challenges and cost-of-living increases.
“The same challenges that confronted the economy and the automotive industry in 2022, such as persistent loadshedding, high inflation and interest rates, as well as currency depreciation, have all been carried over into 2023.”
Despite vehicle exports performing weaker in January, compared with the corresponding month last year, Naamsa believes that the momentum remains upward going forward.
“Notwithstanding the impact of the economic downturn, as well as the ongoing geopolitical conflict risks, there are signs of the European economy avoiding a near-term recession, while the reopening of the Chinese economy would provide a further boost to global demand in general.
“Prospects for vehicle-export growth remain optimistic on the back of further new model introductions by major exporters in the domestic market.”
Comments
Research Reports
Projects
Showroom
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
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
