South African new-vehicle sales decreased for the third consecutive year in 2016, with domestic sales down 11.4% year-on-year to 547 442 units, compared with 617 648 units in 2015.
The National Association of Automobile Manufacturers of South Africa has attributed the decline in domestic new-vehicle sales to above-average price increases, higher interest rates, low consumer confidence and pressure on consumers’ disposable income.
Creamer Media’s Automotive 2017 Report provides an overview of the industry in South Africa over the past 12 months. The report provides insight into local demand and production, trade and investment, competitiveness in the sector, as well as environmental considerations.
This report draws from material published over the past 12 months and is a summary of other sources of information published in Engineering News and Mining Weekly, as well as of information available in the public domain. This report does not purport to provide an analysis of market trends.
Published on 03 April 2017.