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Motor trade sales up 2.7% y/y in June
Measured in nominal terms (current prices)‚ motor trade sales increased by 2.7% year-on-year in June‚ data released on Thursday (15 August) by Statistics South Africa shows.
The highest annual growth rates were recorded for workshop income (8.8%)‚ fuel sales (6.8%) and convenience store sales (4.5%).
Seasonally adjusted motor trade sales decreased by 3.2% in June compared with May. This followed month-on month changes of 0.5% in May and 1.0% in April.
Seasonally adjusted motor trade sales increased by 1.1% in the second quarter of the year compared with the previous quarter.
Motor trade sales increased by 8.9% in the second quarter of the year compared with the same period last year. The major contributors to this increase were: new vehicle sales (10.7% and contributing 3.1 percentage points); fuel sales (7.4% and contributing 2.2 percentage points); and used vehicle sales (10.6% and contributing 1.6 percentage points).
Source: I-Net Bridge
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