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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.

14 Feb 2014

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

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