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Motor trade sales up 12.7%
Motor trade sales rose by 12.7% year on year (y/y) in February 2012 to R37 billion compared with an upwardly revised 11.2% (11.0%) y/y increase in January 2012 to R35.5 billion and a 13.9% gain in 2011 to R421.2 billion, Statistics South Africa reported on Thursday (19 April 2012).
The highest y/y growth rate in February was recorded for fuel sales (19.9%), followed by new vehicle sales (14.8%) and sales of accessories (12.4%).
Motor trade sales for the three months ended February 2012 increased by 10.6% compared with the three months ended February 2011.
In February 2012 seasonally adjusted motor trade sales increased by 1.1% month on month (m/m), following monthly changes of 5.0% in January 2012 and -3.5% in December 2011.
Seasonally adjusted motor trade sales for the three months ended February 2012 increased by 0.8% compared with the three months ended November 2011.
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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