New Car Sales Up

Six Maserati, Porsche 119 and a Hummer were some of the new vehicles sold in April, a month that has seen industry-wide sales figures increased eight percent over the same period last year, according to National Association of Manufacturers Automobile SA (Naamsa) figures released on Wednesday.


"... The new car sales during the month was in line with industry expectations and reported earnings over the same month last year, but at a more moderate growth," a statement accompanying sales of readings.


industry's total domestic sales were up 38,566 vehicles from 35,707 units sold in April last year. Total domestic sales for the first four months of 2011 were 19 percent ahead of the first four months of 2010.


Commenting on the reasons for growth, "said Naamsa to 6.5 percentage point in interest rates since December 2008 has led to improved consumer finance and business. You may also have been" defensive "in purchase due to concerns about the future availability of products from Japan, recovering from an earthquake and tsunami.


Exports also rose to 19,826 - an increase of 12.7 percent - but it was also considered "moderate."


Naamsa warned this can cause parts and car park, a deficiency in the medium term, temporarily affecting the domestic and export. This risk could be reduced by vehicle manufacturers to examine the supply chain strategies.


Sales of new light commercial vehicles, bakkies and minibuses decreased by 2.5 percent compared to 10 294 10 557 were sold in 2010 for the World Cup.


Car sales in segments of medium and heavy trucks showed a further improvement in April 2011. At 565 and 1360 units respectively, they recorded a gain of 43 units or 8.2 per cent in the case of advertising medium and 310 units or 29.5 per cent in the case of heavy trucks and 'bus from April last year.


Only 76 heavy buses were sold, compared to 149 in April. This year so far.


Exports amounted to 19,826 units had been improvements in the 2239 points, to 12.7 percent from the 17,587 vehicles exported in April last year.


"The expectations of higher growth in the global economy and for the South African economy in 2011 should provide support for domestic use and export of new vehicles," said Naamsa.


She said the continued growth of consumption and public sector investment in infrastructure that domestic support new vehicle sales. The inflation outlook has deteriorated and interest rates could rise at the end of 2011. - Sapa