Advertise your job vacancies

Subscribe & Follow

Jobs

Vehicle Sales Executive Kempton Park

Europe's car sales fall 5.0% in August

European new car sales fell by 5.0% year-on-year (y/y) in August after a 5.0% y/y rise in July‚ the European Automobile Manufacturers' Association reported on Tuesday (17 September).

By Helmo Preuss

17 Sep 2013

The European Union (EU) is a significant market for South African new vehicle exports but as new registrations declined by 5.2% y/y in the first eight months of 2013‚ to 7‚841‚596 units - the lowest eight-month total since records started in 1990 - South African exports to the EU have been under pressure.

South African new vehicle exports fell by 22.9% y/y in August to 19‚284 units‚ in part due to industrial action‚ after easing by 3.6% y/y in July to 26‚608 units.

This compared with only a 3.5% rise last year to 277‚844 units‚ far less than the projected 320‚000 and 2008's 284‚211 units.

SA exports vehicles to 77 countries.

The National Association of Automobile Manufacturers of SA (Naamsa) initially expected exports to reach a 361‚300 units this year‚ but it has scaled back that forecast to only 337‚000‚ in part due to subdued demand in the EU.

From January to August‚ most major EU markets faced a downturn ranging from -3.6% in Spain to -6.6% in Germany‚ -9.0% in Italy and -9.8% in France.

The UK was the only country to perform better with a 10.44% increase.

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