South Africa Autos Report Q4 2014

Business Monitor International
October 29, 2014
72 Pages - SKU: BMI5365613
Countries covered: South Africa

South Africa Autos Report Q4 2014

BMI View: The near-term outlook for South African new vehicle sales remains downbeat this quarter, withthe local economy experiencing significant headwinds. As of end-August 2014, new vehicle sales were downby almost 16% year-on-year (y-o-y), at 372,526 units, according to information from the NationalAssociation of Automobile Manufacturers of South Africa (NAAMSA).

Breaking down the headline sales figure for August 2014, passenger car sales were down by 2.7% y-o-y, at37,953 units, while LCV, bakkie and mini bus sales actually rose, by 2.1%, to 14,942 units. Medium trucksshowed a fall of 3.5%, while heavy trucks and buses showed a slight gain, of 0.1%. NAAMSA commentedthat 'continued strength in commercial vehicle sales was encouraging and suggested improved investmentsentiment'. The one bright spot remains exports, which were up by 18.5% y-o-y, at 25,027 units in August.



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