Dealers News South Africa

Motor trade sales are up by 7.3%

Motor trade sales grew 7.3% year-on-year in February‚ according to the preliminary figures released by Statistics South Africa (Stats SA) on Thursday (18 April)
Motor trade sales are up by 7.3%

These figures are broadly in line with the positive start to the year for new car sales as reported by the National Association of Automobile Manufacturers of SA (Naamsa).

Indeed‚ the greatest contributor to the motor trade's growth was new vehicles‚ sales of which grew 10.7%. This was followed by fuel sales (9.6% up) and workshop income (up 6.4%).

Income from convenience stores was measured as flat at 0.0% and sales of accessories notched a small gain of 0.5%.

Stats SA also said motor trade sales were also up 9.3% in the three months ended February compared with the three months ended February lst year. This was mainly attributable to new vehicles sales (up 12.2%)‚ fuel sales (up 10.9%) and used car sales (up 9%).

Stats SA's motor trade survey "collects information from a sample of enterprises in South Africa that are predominantly involved in motor trade"‚ it said.

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
Let's do Biz