New Car Sales Summary for May 2018

Hilux2

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

New car sales in South Africa during May 2018 recorded an improvement of 2.4% compared with the same period last year while export sales reflected an increase of 13.9%.

WesBank’s Executive Head for Sales and Marketing, Ghana Msibi, commented on the results, “Coming off the poor performance of the industry in 2017, the year-on-year recovery is encouraging, but it’s important to not misinterpret the recovery as growth.”

Year-to-date data shows that total sales in the first 5 months of year is down by 1.6% compared to the same period in 2017.

New Car Sales Summary - May 2018

  • Aggregate new vehicle sales of 42 984 up by 2.4% (+1 022 units) compared to May 2017

  • Passenger car sales of 26 561 up by 0.7% (+179 units) compared to May 2017

  • Light Commercial Vehicle (LCV) sales of 13 977 up by 3.2% (+434 units) compared to May 2017

  • Export sales of 32 731 up by 13.9% (+3 982 units) compared to May 2017

Top 10 Car Brands in SA

  1. Toyota - 10 688 units

  2. Volkswagen - 6 524 units

  3. Ford - 4 164 units

  4. Nissan - 4 100 units

  5. Hyundai - 3 190 units

  6. Renault - 1 781 units

  7. Isuzu - 1 665 units

  8. BMW - 1 475 units

  9. Kia - 1 276 units

  10. Mazda - 1 206 units

Top 10 Best-Selling Cars in SA

  1. Toyota Hilux - 3 338 units

  2. Ford Ranger - 2 819 units

  3. VW Polo - 1 979 units

  4. VW Polo Vivo - 1 904 units

  5. Nissan NP200 - 1 825 units

  6. Toyota Quantum - 1 482 units

  7. Isuzu KB - 1 298 units

  8. Toyota Corolla/Auris/Quest - 1 228

  9. Toyota Fortuner - 1 102 units

  10. Hyundai Grand i10 - 1 081 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.

Related Content

How to get the Best Car Insurance Deal

12 Well-Specced Cars Under R250k in SA

4 Simple Ways to Cut the Cost of Motoring

2 Major Reasons to Consider Buying a Used Car

5 Ways to Ensure Car Loan Approval

10 Ways To Save Fuel

Comments