AUTOFORUM

Junk Status continues to play havoc with car sales

Jun, 02 2017, 09:44

The effects of South Africa’s economy being downgraded to junk status continued to be felt in the new vehicle sales industry - with new vehicle sales for May 201experiencing a year-on-year decline of 2.6%.

'Junk Status' hits April sales

May, 03 2017, 11:23

The economic downgrade to Junk Status has taken its toll on car sales, with April total sales plummeting 13.4% and only 34 956 new vehicles sold last month.

Slight lift in sales for March

Apr, 04 2017, 09:33

South Africa’s new vehicle industry grew 2.1% in March, with total sales of 48 534 vehicles following a minor decline of 0.1% in February and growth of 3.7% in January.

Chris de Kock, CEO of WesBank; Ian Nicholls, President and MD of General Motors South Africa; Bernard Hellberg Jr, Chairman of SAGMJ COTY

Wesbank: Minor growth expected in new vehicle sales for 2017

Mar, 16 2017, 11:53

Using the South African Car Of The Year Awards as a background, WesBank CEO Chris de Kock forecast that 2017 will see minor growth in the new vehicle sales industry.

Commercial vehicle sales up but passenger cars still battling

Mar, 03 2017, 08:40

“The growth in the rental channel and commercial vehicle segments is indicative of these businesses entering their replacement cycles, acquiring new assets to refresh their fleets.”

Former WesBank SA Vehicle and Finance Executive Head moves to Standard Bank

Feb, 22 2017, 11:10

Standard Bank has announced the appointment of Simphiwe Nghona as Group Head for Vehicle and Asset Finance (VAF), effective 01 March 2017.

"January new cars sales off to a good start"

Feb, 07 2017, 13:19

The new vehicle sales market has hit the ground running in 2017, according to the latest aggregated new vehicle sales data from the National Association of Automobile Manufacturers of South Africa (Naamsa).

Consumers continue to battle with affordability in the new market

Dec, 02 2016, 05:58

Wesbank has released review of the November aggregated sales data from Naamsa, which show that the decline in new vehicle sales continued last month.

Another month of declining sales

Nov, 02 2016, 10:28

The latest Naamsa figures for October vehicle sales are out and once again the picture is grim. South Africa’s new vehicle sales market continued deteriorating last month with a year-on-year decline of 10.1%.

Totally industry sales down 11.3% year to date

Oct, 04 2016, 11:52

Only 47 399 new vehicles were sold in the past month, representing a decrease of 14.3% compared to the same period in 2015. Year-to-date, total industry sales have fallen 11.3% – close to WesBank’s forecast that the market would shrink 12% in 2016.