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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
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.zaRelated
