New passenger vehicle sales continue to show resilience despite tough trading conditions

“New passenger vehicle sales continue to show resilience with a 6.2% increase year on year, despite tough trading conditions. The export market continues to deliver solid results. All in all, a good month for car sales.”

General Comments on July 2017 NAAMSA sales:

• Aggregate new vehicle sales increased month on month by 3.1%
• Passenger vehicles increased by 7.7% month on month
• Overall sales increased by 4.1% year on year
• Passenger vehicles increased by 6.2% year on year
• Year on year monthly comparison shows an increase of 22.2% in exports

General Comments on July 2017 Standard Bank passenger vehicles:

• The average contract term increased year on year by one month.
• The average deal size decreased by 7.5% year on year. The recent trend towards the pre-owned/used vehicles continues and is not likely to change in the short to medium term.

Also view:

Vehicle Finance, Car Insurance and Road Safety

Buying and Selling a Vehicle – Informed decisions and the Vehicle Retailer

The Online Vehicle Retail Market and Safely Selling Vehicles Online