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    SA December motor trade sales up 2.6% y/y

    South African motor trade sales increased by 2.6% year-on-year (y/y) in nominal terms in December after a 1.3% rise in November‚ data released by Statistics South Africa showed.
    There was a slight increase in motor trade sales in December. Motor trade sales for the year were up by just 2.6%. Image: Ratch0013
    There was a slight increase in motor trade sales in December. Motor trade sales for the year were up by just 2.6%. Image: Ratch0013 Free Digital Photos

    The highest annual growth rates were recorded for workshop income (5.1%)‚ fuel sales (4.3%)‚ sales of accessories (2.8%) and used vehicle sales (2.3%).

    The seasonally adjusted motor trade sales decreased by 2.6% in December compared with November. This followed month-on-month changes of -1.0% last November and 0.8% in October‚ the data showed.

    Seasonally adjusted motor trade sales decreased by 2.5% in the fourth quarter of last year compared with the previous quarter.

    Motor trade sales increased by 2.8% in the fourth quarter of 2013 compared with the fourth quarter of 2012. The major contributors to this increase were: fuel sales‚ new vehicle sales and sales of accessories.

    Source: I-Net Bridge

    For 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.

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    Go to: http://www.inet.co.za
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