- Special Focus
- Friday, 04 November 2011 12:35
- Published Date
- Hits: 6288
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
- Special FocusNamibia Breweries Limited (NBL) officially showcased their new battery-operated forklifts to staff members at the company recently. NBL unveiled 18...Vivo widens net in Rehoboth (193 hits)Special FocusVivo Energy, which distributes and markets Shell fuels and lubricants opened its third fuel station in Rehoboth on Wednesday. The B-One service...Explore Zambia (1693 hits)Special FocusHome to half of the Victoria Falls, the wild Zambezi River, breath taking lakes and abundant wildlife, Zambia offers a truly authentic African...Finance Minister reaches milestone (715 hits)Special FocusMajor highlights of the past ten years In May, the Minister of Finance Saara Kuugongelwa-Amadhila reached a significant milestone in her...Special FocusThe lobster fishing fleet managed to land slightly more than 50% of the allocated Total Allowable Catch during the 2012/2013 fishing season. Although...Less traffic with Self-drive and Share (130 hits)Special FocusThe International Transport Forum at the OECD based in Paris says Self-driving Shared Vehicles could take 9 out of 10 cars off city streets. Paris is...Parents marry Shell to Diesel Electric (1947 hits)Special FocusFuel brand Shell and Diesel Electric inadvertently became partners last week when the one’s parent company and the other’s main supplier this...And the car of the year is... (1358 hits)Special FocusThe 2012 South African Car of the Year will be chosen on 14 March by a panel of independent judges and the South African Guild of Motoring...Special FocusA local water treatment company has strengthened its international partnerships to provide optimum quality water treatment services to the mining...Special FocusBank Windhoek’s stall at the Annual Windhoek Agricultural show will be used as a platform to promote its EasySave account. Bank Windhoek launched...
- Related Articles
- Impressive sailing but no new record (11832 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 (5161 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 (2286 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 (2458 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 (1000 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
- HeadlinesThe United States Embassy in Windhoek this week hosted a training session for Namibian magistrates from all fourteen regions under the banner...Businesswomen break bread together again (466 hits)HeadlinesAt the regular Economist Businesswomen Club breakfast last Friday at Hotel Thule, guest speaker Agnesia (Mara) Booysen of Standard Bank explained the...HeadlinesLanger Heinrich’s parent company, Australian uranium miner, Paladin, is set to cut capital expenditure up to 27% in the financial year 2015 with...Editors DeskThe proverbial chickens have come home to roost in South Africa. Not that it is any skin off my nose how the Seffricans grind themselves into the...MarketsLaunched without much fan fare in the early part of 2014, the Sanlam Namibia Tracker Fund has managed to take off albeit at a slow pace while...