SA vehicle market sees moderate decline in August
Johannesburg - South Africa’s new vehicle market declined marginally for the second month in the row in August, with sales down 1.9 percent year-on-year (49 670 versus 50 644) according to Naamsa.
Year to date, new vehicle sales are down 0.8 percent, compared to the first nine months of 2017, with passenger vehicles registering the smallest decline (0.3 percent), while light commercials are down 2.4 percent. Medium to heavy commercials are actually up 2.3 percent.
Interestingly, sales through the dealer channel have actually increased by 1.9 percent year to date, according to WesBank.
“Economic headwinds are likely to persist and cause continued strain on the automotive industry. However, we are encouraged by new vehicle sales though the dealer network that increased 0.9% month-on-month and 1.9% year-to-date,” said WesBank marketing head Ghana Msibi.
“As we enter the final quarter of 2018, we remain hopeful that our prediction of 0.75% total industry growth can still be achieved, but not without some challenges.”
On the sales charts, Toyota’s Hilux and Volkswagen’s latest-generation Polo both had stellar sales months, with 3943 and 3866 units sold respectively, while Ford’s Ranger came in third with 3016 sales.
Other notable performers were the Volkswagen Polo Vivo (1976), Nissan NP200 (1888), the Toyota Corolla, Quest and Auris trio with a combined 1680 units and Toyota’s Fortuner (1345).