South African new car sales for October 2012

South African new car sales for October 2012 has reflected another ‘encouraging performance’ according to the National Association of Automobile Manufacturers of South Africa (NAAMSA). NAAMSA also stated that disruptions at various industrial manufacturing plants caused by transport sector strikes in October have affected vehicle production and exports.

South African Vehicle Sales Summary for October 2012

• Total October sales – 57 845 units (September 2012 – 55 097 units)
• October sales up by 10.5% or 5 519 units compared to October 2011
• Year-To-Date sales 10.1% ahead compared to 2011
• October export sales down by 3.3% or 859 units.
• New car sales up 13% compared to October 2011 to 41 621 units
• New car sales Year-To –Date 11.7% ahead compared to 2011
• Car rental industry accounted for 18.4% of new car sales

Despite weak momentum in the overall economy, the South African car market performed well in the month of October 2012. Numerous factors would continue to support domestic sales and these include historically low interest rates, replacement demand, competitive trading environment, attractive incentives and variety of choice and new model introductions. The South African automotive industry remains on track to achieve growth of 10% for 2012. NAAMSA also stated that rising inflationary pressures and the rand weakness on modest vehicle price increases may impact the market negatively in the remainder of 2012 and into 2013.

Top selling vehicles – October 2012

Most popular car brands – October 2012

For the full release from Naamsa click here