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South African motor industry's total sales flatline
The South African motor industry's total sales flatlined at R50bn in September, nearly unchanged from September 2015 and the previous month.
Bilderandi via Pixabay
Used vehicle sales grew by 12.2% to R9.96bn while new vehicle sales declined 10% to R12.69bn, Statistics SA reported on Thursday.
September's used vehicle sales were only slightly down from a record R9.99bn reached in July.
New vehicle sales peaked at R14.46bn in July 2015, and hit their lowest of R5bn in April 2009.
Fuel sales – usually the motor industry's biggest earner – fell behind new car sales in September. Fuel sales declined 4% from the previous year to R12.46bn.
Fuel sales fell 12% over three months from July's R14bn.
Statistics SA's data show fuel sales peaked at R16.67bn in July 2014, and hit their lowest of R5.9bn in February 2006.
Source: BDpro
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