South African motor industry's total sales flatline

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