- Special Focus
- Friday, 04 November 2011 12:35
- Published Date
- Hits: 6508
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
- Public transport system on schedule (587 hits)Special FocusThe City of Windhoek’s (CoW)Community Services Department introduced their new public transport system last month and the Economist got a chance to...Medical waste consolidated at new facility (1542 hits)Special FocusA new modern Health Care Risk Waste (HRCW) treatment facility to cater for medical waste from state and private hospitals will soon be built in the...NBC Launches Win a Car competition (772 hits)Special FocusThe Namibian Broadcasting Corporation this week launched an exciting “Win a Car” competition. Paid-up TV licence holders stand a chance to win a...Range Rover Evoque (651 hits)Special FocusThe Evoque is the smallest, lightest and most aerodynamic Range Rover in history. All of its major suspension have been redesigned for lightness and...Fuel increase puts strain on fishing companies (1733 hits)Special FocusThe Ministry of Mines and Energy announced yet another increase in petrol and diesel prices on Wednesday 16 May, for the fourth time this year.The...Galaxy Music: to infinity and beyond (545 hits)Special FocusThe manufacturing and marketing of mobile communication devices remain one of the most competitive areas of information and communications...Special FocusAudi has embarked toward future mobility with the international launch of the brand’s first plug-in hybrid model, the Audi A3 Sportback e-tron,...Catalyst technology offers 6% diesel savings (377 hits)Special FocusRedZebra Energy International Limited, the African distributors of a revolutionary fuel-saving catalyst, claims fuel cost-savings of 6% and close to...Parents marry Shell to Diesel Electric (1960 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...Sport HST at NY auto show (123 hits)Special FocusThe ultimate BEE token, the Range Rover Sport HST will be revealed to the world at the upcoming New York International Auto Show.
- Related Articles
- Impressive sailing but no new record (12270 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 (5501 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 (2336 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 (2513 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 (1030 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 councillors of the !Xoo Traditional Authority represented the San Community at Settlement 13 in the Aminuis Corridor last week when they received...VET Levy key priority training starts (160 hits)HeadlinesThe Namibia Training Authority (NTA) has in its first year of collection amassed just over N$266 million for the Vocational Education Training (VET)...HeadlinesDespite suffering a 10% year-on-year horse mackerel quota reduction, Bidvest Namibia through its subsidiary Bidvest Fishing, revealed this week it...Editors DeskA distressing incident happened last week at the veterinary control point on the Oshikango Ondangwa road just a short distance south of Ohangwena...Weather 28 August 2015 (74 hits)WeatherWhat Happened For the duration of this week, the dominant airflow over the entire country was from north to south.