Motor trade sales up 2.4% y/y in January
Motor trade sales (measured in nominal terms and current prices) increased by 2.4% year-on-year in January‚ Statistics SA has reported.
There was a slight increase in motor trade sales in January. Image: Beeboys Fotolia
The highest annual growth rates were recorded for fuel sales (9.0%)‚ workshop income (4.2%) and sales of accessories (3.7%).
Seasonally adjusted motor trade sales increased by 4.2% in January compared with December last year‚ following month-on-month changes of -3.5% in December and -1.0% in November.
Seasonally adjusted motor trade sales decreased by 1.8% in the three months ended January compared with the previous three months.
Motor trade sales increased by 2.2% in the three months ended January 2014 compared with the three months ended January 2013‚ with the major contributor to this being fuel sales. Fuel sales increased 6.3% and contributed 1.7 percentage points.