AUTOFORUM

Sales up year-on-year in October

Nov 02, 2018 Naamsa, Wesbank, car sales, South Africa, Economy

According to aggregate sales data from the National Automobile Association of South Africa, new vehicle sales were up 1.7% year-on-year with 51 866 units sold in October. Looking at year-to-date sales, the industry remains on par with the corresponding time frame in 2017 with total sales only marginally lower by 0.5%.

In the dealer channel, which accounted for 67.3% of all new vehicles sold in October, total unit sales were up by 0.1% year-on-year and 1.7% year-to-date. The rental channel, making up 20.2% of total industry sales, increased year-on-year by 9.1% as it continues to prepare for the approaching festive season. From a year-to-date point of view, however, rentals are down by 1.5%.

“Earlier this year, WesBank made a prediction that new vehicle sales would grow by a conservative 0.75% by the end of 2018. To date, new vehicle sales have tracked in line with our forecast,” says Ghana Msibi, WesBank Executive Head of Sales and Marketing. “Looking at WesBank’s application data, we were pleased to see a significant spike in finance applications in October which may be indicative of an increase in consumer appetite that could translate into growth in the coming months.”

Passenger and light commercial vehicles, which contributed 67.6% and 27.3% to the total market respectively, are down by 0.3% and 1.6% year-to-date. Making up a relatively small 5.1% of the total industry, the combination of commercials including buses, medium, heavy and extra-heavy vehicles was up by 3.3%.

Top-10 best-selling passenger vehicles		Top-10 best-selling light commercial vehicles
VW Polo Vivo	3009	Toyota Hilux	3352
VW Polo	2824	Ford Ranger	2575
Toyota Corolla Quest	1879	Nissan NP200	1879
Toyota Yaris	1729	Isuzu KB	1636
Toyota Fortuner	1178	Toyota Quantum	1483
Hyundai Grand i10	900	Nissan NP300	704
Ford Fiesta	888	Hyundai H100 Bakkie	384
Toyota Etios	885	VW Amarok	247
Ford Figo	840	VW Caddy	245
Kia Picanto	781	Mahindra Scorpio Pik-UP	200

* Sales figures are supplied by Naamsa and exclude non-reporting manufacturers.

Naamsa, Wesbank, car sales, South Africa, Economy

Back