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Retail news Motor trade sales up 7.5%Motor trade sales rose by 7.5% year on year in December 2011, from 14.1% in November, Statistics SA reported on Thursday (16 February 2012). The highest annual growth rate was recorded for fuel sales (17.8%) followed by convenience store sales (7%) and new vehicle sales (5.7%). In December 2011 seasonally adjusted motor trade sales decreased by 4.1% month on month, following month-on-month changes of 2.6% in November and -3.2% in October. Motor trade sales for the fourth quarter 2011 increased by 12.2% compared with the fourth quarter 2010. The major contributors to the increase were fuel sales (23.7% and contributing 6.0 percentage points) and new vehicle sales (15.4% and contributing 4.1 percentage points) and sales of accessories (6.3% and contributing 1.1 percentage points). Motor trade sales for 2011 increased by 13.8% compared with 2010. SOURCE I-Net BridgeFor more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions. We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field. Go to: http://www.inet.co.za
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