- Special Focus
- Friday, 04 November 2011 12:35
- Published Date
- Hits: 5423
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
- Financial Sector Strategy sets ten-year targets (1172 hits)Special FocusThe recently launched ten- year Financial Sector Strategy has renewed pressure on the local banking sector to reduce its level of foreign ownership....Pre-owned down from last year (762 hits)Special FocusAccording to well-known car dealer and owner of Dub Motors CC, Mr Doepie Du Buisson, the local pre-owned car market is favourable and his company has...Baines Shopping Centre gets facelift (568 hits)Special FocusDespite many challenges, expansion of Maerua Mall Shopping Centre and upgrading of Baines Shopping Centre situated in Pionierspark, are progressing...Challenges in marine safety and training (400 hits)Special FocusAs Namibiaâs fishing industry continues to grow, it is often noted that there are still many challenges when it comes to marine safety and...âTaxi Driver of the Monthâ for safety (600 hits)Special FocusIn a bid to instill tolerance amongst taxi drivers and to adhere to traffic rules, the Namibia Public Passenger Transport Association (NPPTA)...Beukes axed as NAMCOR MD (1719 hits)Special FocusExactly a year after the National Petroleum Corporation of Namibia (NAMCOR) board suspended its former MD to allow for an independent audit into the...DHL delivers certainty in an uncertain world (2217 hits)Special FocusIn a move designed to boost regional infrastructure and support Africaâs burgeoning trade growth, DHL Express, the worldâs leading international...Lender to small business withers (943 hits)Special FocusAccess to finance is one of the biggest impediment to the development and growth of small businesses. Creating a vehicle for such access was...Porsche Targa back, still with rollbar (488 hits)Special FocusSTUTTGART, Germany, PRNewswire - Safety legislation for automobiles forced Porsche to design a Porsche 911 with a rollbar before it was allowed to...Dockyard employees join learning curve (1267 hits)Special FocusShip repair company Elgin Brown & Hamer (EBH) Namibia said last week it has worked hard to become an employer of choice. Pivotal in its high...
- Related Articles
- Impressive sailing but no new record (10341 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 (4015 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 (2142 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 (2228 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 (850 hits)Community and CultureA new local talent reality show wants to find and promote Namibiaâs best performers and entertainers across a range of disciplines. The show...
- Latest Articles
- Ondangwa Airport runway under rehab (71 hits)HeadlinesThe Namibia Airports Company earlier this week said that the ageing Ondangwa airport runway will undergo rehabilitation.The runway will be extended...Youthful Warriors advance at Youth Games (140 hits)SportThe young warriors on Wednesday marched into the semifinals of the African Union Sports Commission (AUSC) Region 5 Youth Games Menâs Competition...Volley ladies progress to next round (150 hits)SportThree Countries took part in the sub-zonal Olympic Qualifier of the Continental Cup last weekend. Teams from Angola, Zimbabwe and Namibia played at...Junior cricketers get boost (149 hits)SportSponsorship towards the Namibian U19 Cricket Team got a timely boost when Old Mutual Namibia handed over cricket apparel to the value of N$20,000 to...Karate kids receive awards (150 hits)SportChief Instructor of Shotokan Karate Academy, Sensei Willem Burger (6th Dan) and Sensei Morchen Kruger, instructor of the Khomasdal Shotokan...