South Africa’s automotive manufacturing warns about Chinese imports
Volkswagen Group Africa has called for urgent intervention by government to safeguard South Africa’s automotive manufacturing industry. Martina Biene, Chairperson and Managing Director highlighted the challenges that local manufacturers face as the market experiences an influx of Chinese automotive brands. The high cost of manufacturing in South Africa makes it impossible to compete with the […]
Naamsa Sales stats, Fuel price hike, Bullet Train & Transnet’s poor performance at Ports
The Automotive Business Council said that the last quarter for 2024 started very positive with the highest passenger car sales month since October 2019.This is encouraging for the medium-term new vehicle market outlook.Mikel Mabasa, naamsa CEO said that total domestic new vehicle sales in October 2024, at 47,942 units, reflected an increase of 2,506 units […]
Naamsa sales statistics for September, speed-over-distance law enforcement, another fuel price reduction, and the annual IAA show in Hannover
Naamsa press release: Total new domestic vehicle sales in September 2024 stand at 44,081 units, showing a decline of 1,889 units, compared to the 45,970 vehicles sold in September 2023. Export sales also fell by 13,535 units, to 21,964 units in September 2024, from the 35,499 vehicles exported in the corresponding month last year. The […]
Naamsa sales statistics for August, fuel prices to drop for a fifth consecutive month, expectations of an interest rate cut, and Eskom positive about the end of loadshedding
Naamsa sales statistics Sales statistics for new vehicles released by Naamsa showed that the positive July 2024 new vehicle market performance could unfortunately not maintain through to August. Overall 43 588 new vehicles were sold in August 2024, reflecting a decrease of 2 266 units, or a loss of 4,9%, comparing to vehicles sold in […]
Overview on vehicle sales stats for July, potential interest rate cut, expected fuel price cut and Bakwena road maintenance report
Reflecting on the new vehicle sales statistics for July 2024, the slight improvement in new vehicle sales figures could be the turning point for an improved second half of the year. Total domestic new vehicle sales in July 2024 at 44 229 units, reflected an increase of 657 units, or a gain of 1,5%, comparing […]
Shifting Hours of Hijackers, New Industry Appointments, Fuel Price Drop, and Naamsa Sales Stats
There’s a common perception that crimes like hijacking mainly occur after dark, but latest statistics show us that drivers must remain vigilant at all times! The times of the day when most hijackings used to occur have shifted, as criminals are now operating more frequently earlier in the day. Hijackings are a huge concern in […]
Automotive Sales Taking Some Strain
Figures released by the Automotive Business Council showed that the new vehicle market declined 14.2% year-on-year last month! (May)
Applications for new vehicle finance declined by double digits, while used vehicles maintained stronger interest.
Motor Industry will change more in the next ten years than the previous hundred years!
Not long ago I made the comment that the Motor Industry will change more in the next ten years than the previous hundred years! Now, how do I support this point?