New Car Sales Summary for June 2018

Toyota Hilux Dakar5

New vehicle sales and exports improved during June 2018 according to the National Association of Automobile Manufacturers of South Africa (NAAMSA).

New car sales in South Africa during June 2018 recorded a slight increase of  2.9% compared with the same period last year while export sales reflected a large decline of 22%. Exports appear to be down due to the Mercedes-Benz and Volkswagen plants undergoing improvements and refurbishments. 

WesBank’s Executive Head for Sales and Marketing, Ghana Msibi says that results are in line with forecasts and that historical data shows that the second half of the year is generally stronger than the first half for vehicle sales. “Consumers are generally more cautious with big-ticket purchases early in the year, often because of lingering December spending hangovers. Shorter months and fewer working days due to public holidays over the first six months also contribute to less sales activity.”  Wesbank expects the motor industry to grow by 0.75% in 2018.

New Car Sales Summary - June 2018

  • Aggregate new vehicle sales of 46 678 up by 2.9% (+1 346 units) compared to June 2017

  • Passenger car sales of 29 886 up by 4.4% (+1 261 units) compared to June 2017

  • Light Commercial Vehicle (LCV) sales of 14 261 down by 0.4% (-58 units) compared to June 2017

  • Export sales of 26 790 down by 15.3% (-4 841 units) compared to June 2017

Top 10 Car Brands in SA

  1. Toyota - 11 823 units

  2. Volkswagen - 6 715 units

  3. Nissan- 4 977 units

  4. Ford- 4 064 units

  5. Hyundai - 3 108 units

  6. Renault - 2 475 units

  7. Mercedes-Benz - 2 070 units

  8. Isuzu - 1 964 units

  9. BMW - 1 714 units

  10. Kia - 1 409 units

Top 10 Best-Selling Cars in SA

  1. Toyota Hilux - 3 936 units

  2. Ford Ranger - 2 613 units

  3. VW Polo Vivo - 2 285 units

  4. Nissan NP200 - 1 847 units

  5. VW Polo - 1 844 units

  6. Toyota Quantum - 1 376 units

  7. Isuzu KB - 1 372 units

  8. Toyota Corolla/Auris/Quest - 1 226

  9. Toyota Fortuner - 1 190 units

  10. Renault Kwid - 1 023 units

Sales Outlook

NAAMSA expects new vehicles sales to improve gradually over the medium term as demand for new vehicles recover. Factors contributing to the positive outlook include moderate new vehicle price inflation, improved political/policy environment, reduced interest rates and unchanged international credit ratings.

Economic growth, as well as business and consumer confidence, is also expected to improve for the remainder of 2018 and into 2019 with NAAMSA predicting an overall annual sales improvement of 3% in 2018. Furthermore, global growth will continue to support exports going forward. NAAMSA, however, warns that the current wave of protectionism could have a negative impact on the global economy.

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