- Special Focus
- Friday, 04 November 2011 12:35
- Published Date
- Hits: 5297
New car sales in the Southern African Customs Union (SACU) during October was at 36 826 units, according to the National Association of Automobile Manufacturers in South Africa (NAAMSA).
This shows an improvement of 6076 new cars or an increase of 19.8% compared to the 30,750 new cars sold during October 2010.
According to NAAMSA the continued strength of the new car market in October, was due to a number of factors including improvement in the financial position of consumers on the back of relatively low interest rates, improvement of vehicle affordability in real terms and the positive influence of aggressive marketing and sales incentive programmes during the month.
In addition, consumers would have been encouraged to bring forward planned purchases in light of expectations of future price increases as a result of recent Rand depreciation.
Sales of industry new light commercial vehicles, bakkies and minibuses had recorded a creditable performance and at 12 994 units for October, reflected an increase of 1 754 units or a gain of 15.6% compared to the 11 240 units sold in the corresponding month last year. For the first 10 months of 2011, new light commercial vehicle sales were ahead by 11.4% compared to the corresponding period last year.
Sales of vehicles in the medium and heavy truck segments of the industry at 829 units and 1 689 units, respectively, had recorded an increase of 199 units or 31.6%, in the case of medium commercial vehicles, and a gain of 280 units or 19.9%, in the case of heavy trucks and buses, compared to the corresponding month last year. Total year to date sales of medium, heavy commercials and buses remained 24.4% ahead of the corresponding ten months of last year.
- Articles In This Category
- EBH marries Rolls-Royce (470 hits)Special FocusA working partnership between Elgin Brown and Hamer (EBH) Namibia and Rolls-Royce has resulted in Rolls-Royce’s marine division, Marine &...Transport Strike: A lesson for Namibia (801 hits)Special FocusIn the aftermath of the recent transport strike in South Africa which threatened local industries, retailers and consumers alike with shortages, Team...Petrol cards no more (733 hits)Special FocusFinancial institutions will no longer be allowed to accept petrol cards as legal tender for fuel purchases, spare parts and repairs as from 28...VW maintains top position (1189 hits)Special FocusVolkswagen Group South Africa has maintained its top position in the new passenger car market for 2012. The group reported total sales of 8689 units...Standard Bank Auto show this weekend (1185 hits)Special FocusStandard Bank will host its 2012 Auto Show this weekend (Friday and Saturday) at the SKW Sports Grounds in Olympia in the Capital. The event is...TransNamib - railway pioneer (849 hits)Special FocusPart 1 in a series of 2 Since the first State Railways was established in Namibia 115 years ago, rail transport has played a pioneering role in the...Is there a top taxi? (1120 hits)Special FocusIn an effort to change the complete disregard taxi drivers display for other road users, the City of Windhoek last week launched the Top Taxi...“I race for fun” (536 hits)Special Focus“I race for the fun and and thrill of it” said Robbie Reschke, one of emerging driver in the local pool of racers. Having won numerous races in...Special FocusGrowing people who get results REGISTRATION CLOSES 13 December 2013 Windhoek 10 January 2014. Stef du Plessis, described by the Council of...Limited space hampers growth of auto businesses - As municipality “refuses” to avail land (1093 hits)Special FocusThe lack of space or land is one of the major obstacles informal panel beaters are faced with. They say they are forced to operate from home because...
- Related Articles
- Impressive sailing but no new record (10122 hits)SportThe Luderitz Speed Challenge, currently underway on a new channel to break the world sail record of 103km/h (55.65 kts) has seen some impressive...New fascinating history stories as X-mas special (3927 hits)Community and CultureFarmers armed with rockets and rainmaker aircraft, a suicidal groom in the desert, German South West Africa holds its breath at the investigation...New fraud surfaces (2116 hits)MarketsFirst National Bank (FNB) has issued a warning about a new fraud that seems to be doing the rounds in Namibia. Ingrid Veueza Katjiukua, forensic...Momentum launches new brand (2177 hits)MarketsMomentum Asset Management Namibia and Momentum Investments have formally launched a newly refreshed brand. Speaking at the launch of the new brand ,...New mixed talent reality show (809 hits)Community and CultureA new local talent reality show wants to find and promote Namibia’s best performers and entertainers across a range of disciplines. The show...
- Latest Articles
- Two storeys of outrageous outdoors life (49 hits)HeadlinesAgra’s well-known outdoors outlet, Safari Den was literally elevated to another level with the opening of the new shop this week Wednesday....Future logistics plan for explosion (54 hits)HeadlinesA newly formalised conceptual framework for the development of the transport sector, expects an explosion in transport and logistics as Namibia is...Simasiku plans to shake up energy (66 hits)HeadlinesFormer Chief Executive Officer of the Electricity Control Board of Namibia, Siseho Simasiku is at the forefront of a consumer advocacy group that...Editors DeskTowards the middle of the recent Windhoek Show, long queues started forming around the back end of the President’s Hall. From the Wednesday onward,...24 October 2014 (33 hits)WeatherWhat Happened? For the observer on the surface there is always one indisputable indicator of humidity in the upper air and that is the vapour trail...