Improvement in new vehicle sales in June 2017

July 3, 2017January 2, 2018 jonckie

“Despite the new passenger vehicle sales showing a 2.2% decline year on year, the last three months have seen a steady improvement in new car sales. Used car sales on the other hand continue to show growth and resilience”.

General Comments on June 2017 NAAMSA sales:

Aggregate new vehicle sales increased month on month by 8.6%
Passenger vehicles increased by 8.9% month on month
Overall sales increased by 0.9% year on year
Passenger vehicles declined by 2.2% year on year
Year on year monthly comparison shows an increase of 1.4% in exports

General Comments on June 2017 Standard Bank passenger vehicles:

The average contract term remained flat year on year
The average deal size decreased by 9.4% 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.

New Vehicle sales make positive turn in June https://t.co/oWy7tXllol @WesBank #VehicleSales pic.twitter.com/XWUyK03hPF

— Arrive Alive (@_ArriveAlive) July 3, 2017