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SA motor trade sales up 5.1%

Measured at current prices‚ South Africa's motor trade sales increased by 5.1% year-on-year in March according to data released by Statistics SA on Thursday (16 May).

17 May 2013

The highest annual growth rates were recorded for workshops, which were 10.1% higher followed by fuel sales, up by 9.5% and new vehicle sales that grew by 6.6%.

Seasonally adjusted motor trade sales decreased by 2.8% in March compared with February. This followed month-on-month changes of -4.3% in February and 11.7% in January.

Seasonally adjusted motor trade sales increased by 1.4% in the first quarter of 2013 compared with the previous quarter.

The major contributors to this increase were new vehicle sales (12.5% and contributing 3.6 percentage points); fuel sales (9.7% and contributing 2.7 percentage points); and used vehicle sales (8.4% and contributing 1.3 percentage points)‚ Stats SA noted.

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.

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