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South Africa Autos Report Q2 2015

74 Pages BMI Research April 22, 2015 SKU: BMI5535970

South Africa Autos Report Q2 2015

A strong sales performance over the final month of the year meant that total new vehicle sales in SouthAfrica ended 2014 down by only 1.1% year-on-year (y-o-y), at 642,670 units. Breaking down the headlinefigure, passenger car sales were down by 2.5% y-o-y, at 439,264 units, while light commercial vehicle(LCV) sales grew by 2.3% y-o-y, to 173,190 units. Medium/heavy trucks and buses also grew, by 1.3%, to30,301 units.

Looking forward, BMI is expecting the outlook for new car sales to improve somewhat over the comingyear, although some challenges will remain. On the macroeconomic front, the recent rapid decline in globaloil prices has provided some good news for the local economy and BMI's Country Risk team has made asmall upward revision to its forecast for 2015 real GDP growth, which we now see coming in at 2.5% inreal terms, up from 2.1% previously.

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South Africa Autos Report Q2 2015

BMI Research
April 22, 2015

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