- Special Focus
- Friday, 04 November 2011 12:35
- Published Date
- Hits: 5184
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
- Workhorse selling like hot cake (1226 hits)Special FocusThe new GWM Steed 5 Workhorse is already sold out barely a week after entering the Namibian market. Speaking to the Economist on Thursday this week,...Repair shop thrives in Katima (1063 hits)Special FocusFatty Nyambe’s love for his trade as a mechanic reflects in everything he does. With skills and experience in the driving seat and finance from the...Special FocusEarlier this year, NamPower introduced the Short Term Critical Supply (STCS) Project with the objective of fulfilling its mandate of ensuring...Special FocusGrowing people who get results REGISTRATION CLOSES 13 December 2013 Windhoek 10 January 2014. Stef du Plessis, described by the Council of...City of Windhoek to construct 295 taxi stops (1171 hits)Special FocusThe City of Windhoek has allocated N$750,000 in its public transport division’s annual budget for the 2012/2013 financial year to construct 295...Adriaan Grobler (1344 hits)Special FocusBidvest Namibia recently inaugurated a new training centre in Walvis Bay which is aimed at developing and enhancing business orientated skills for...Special FocusA local water treatment company has strengthened its international partnerships to provide optimum quality water treatment services to the mining...Youth league negotiates cheaper travel (582 hits)Special FocusThe Swapo Party Youth League (SPYL) Executive Commitee announced on Wednesday that it has partnered with Swapo-owned transport company, Namibia...Hake industry adopts second management plan (705 hits)Special FocusThe Ministry of Fisheries and Marine Resources has embarked upon a hake management plan, aimed at actively managing Namibia’s most valuable...German road assistance (768 hits)Special FocusThe government signed an agreement with the German Kreditanstallt fuer Wiederafbau (Development Bank), earlier this week, for financial assistance of...
- Related Articles
- Impressive sailing but no new record (9962 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 (3840 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 (2062 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 (2126 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 (788 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
- Youth Council guarantees seed capital (51 hits)General NewsA new avenue of financing has become available for young entrepreneurs in need of seed and working capital. Bank Windhoek announced earlier this...Jaguar, the marque for Permanent Secretaries (296 hits)HeadlinesA woman does not need to stay a secretary for her whole career, but a Permanent Secretary is a horse of a very refined breed. The new Jaguar XF as an...Windhoek Show celebrates 60 (301 hits)HeadlinesThis year the Windhoek Industrial and Agricultural show will hit the 60 year mark since inception and according to Harald Schmidt, Executive Vice...Oranje corridor revitalised (279 hits)HeadlinesAus-Luderitz railway link nearing completion Construction of the much anticipated Aus-Luderitz railway line is expected to be concluded by the end...Editors DeskIt comes as a shock to learn that 40% of all new-borns are unintended. This comes from a study by the Guttmacher Institute covered in more detail in...