New Cars in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the South Africa new cars market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market shares consist of motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. Any currency conversions used in this report have been calculated at constant 2016 annual average exchange rates.
The South African new cars market had total revenues of $5,283.8m in 2016, representing a compound annual rate of change (CARC) of -4.8% between 2012 and 2016.
Market consumption volumes declined with a CARC of -4.8% between 2012 and 2016, to reach a total of 361.3 thousand units in 2016.
The stagnation of the South African economy in recent years has limited consumption by suppressing household income and increasing the cost of credit, thus reducing demand for new cars in the market. The heavy depreciation of the local currency since 2013 has increased the cost of imported cars, reducing demand further.
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Leading company profiles reveal details of key new cars market players’ global operations and financial performance
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What was the size of the South Africa new cars market by value in 2016?
What will be the size of the South Africa new cars market in 2021?
What factors are affecting the strength of competition in the South Africa new cars market?
How has the market performed over the last five years?
Who are the top competitiors in South Africa's new cars market?