Vehicle sales have fallen, but how many vehicles do we have in South Africa?

Yesterday it was revealed that South Africa’s new vehicle sales fell by 25.9 percent year-on-year in July. It was also reported that the automotive industry, one of the biggest in the country’s manufacturing sector has been in decline for more than two years.

The National Association of Automobile Manufacturers (NAAMSA) said total new sales dropped to 34,503 units last month compared with 46,547 in the same month last year.

“The trading environment during July, 2009 had remained fundamentally weak with all sectors of the South African automotive industry continuing to experience severe sustainability challenges,” NAAMSA said in a statement.

“Improvement in the automotive industry’s domestic operating environment would depend on a revival in consumer spending on the back of lower interest rates, as well as on stimulatory government expenditure.”

In other reports we find that some of the major banks expect vehicle sales to start the recovery by next year. Wesbank has found that confidence has stabilised and that the used market is strong. Both Wesbank and ABSA have seen an increase in applications for credit, but the real uptick in the motor industry is only expected n the first quarter of 2010.

But how many vehicles do we have in South Africa, and what is our vehicle population?

Live Vehicle Population as per eNatis – July 2009

Related posts:

1. Increase in Vehicle sales in South Africa during August
2. NAAMSA expects slowdown in vehicle sales in South Africa
3. Strong increase in South African vehicle sales
4. How many vehicles are in South Africa November 2010?
5. Which makes of vehicles are more likely to be stolen in South Africa?
6. How many vehicles in South Africa? – March 2010
7. How many vehicles in South Africa on 30 September 2009?
8. Vehicle Population in South Africa at 1 December 2009
9. Justice Project South Africa advises on emergency medical response vehicles and driving within the law
10. Vehicle statistics in South Africa 1 November 2009

Tags: vehicle population

This entry was posted on Friday, August 7th, 2009 at 11:50 am and is filed under Car Statistics. You can follow any comments to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.