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Elections 2024

Wayne Sussman talks the real numbers behind the upcoming polls!

Wayne Sussman talks the real numbers behind the upcoming polls!

sona.co.za

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    Dealers show resilience in tough new vehicle market

    While new vehicle sales in August showed a decline of 2.5% year-on-year, the performance of the industry has remained relatively flat from a year-to-date perspective at -0.6% over the first eight months of 2018.
    Dealers show resilience in tough new vehicle market

    Of the 47,964 total industry sales last month, 66% went to the passenger vehicle segment which is down 2.2% year-on-year and is flat year-to-date according to data released by the National Association of Automobile Manufacturers of South Africa (Naamsa).

    Top-10 best-selling passenger vehicles
    VW Polo2993
    VW Polo Vivo1900
    KIA Picanto1071
    Hyundai Grand i101020
    Toyota Etios900
    Toyota Fortuner888
    Toyota Yaris884
    Toyota Corolla Quest845
    Renault Kwid767
    Ford Figo732

    Light commercials, which contributed 29% of total sales, are down 5.8% year-on-year and 2.5% year-to-date. The commercial segment comprising buses, medium, heavy and extra-heavy vehicles made up the final 5%, and is up 16% year-on-year and 2.1% year-to-date.

    “Despite perpetual pressure on the economy this year with total industry sales remaining subdued, the dealer channel has been resilient showing 2.4% year-to-date growth.” said Ghana Msibi, WesBank’s executive head for sales and marketing.

    Top-10 best-selling light commercial vehicles
    Toyota Hilux3366
    Ford Ranger2535
    Nissan NP2001634
    Isuzu KB1542
    Toyota Quantum1477
    Nissan NP300905
    Hyundai H100 Bakkie337
    Mahindra Scorpio Pik-UP233
    VW Caddy190
    Nissan Hardbody187

    “With four months remaining in 2018, WesBank’s forecast of 3% growth is still possible. However, if the deterioration of the rand to foreign currencies continues as we’ve seen in August, consumers could feel more of a pinch when buying new cars going forward.”

    Rentals grew by 1.6% year-on-year in August, but remained 7.6% down when compared to the first eight months of last year which saw the highest rental sales ever recorded.

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