JOHANNESBURG – South African new-vehicle sales reached 56,952 units in June, a 13% jump over like-2005's 50,035 deliveries, the National Association of Automobile Manufacturers of South Africa reports.
All segments of the automotive industry performed well, despite an increase in interest rates and stock shortages experienced by some auto makers during the month, NAAMSA says.
The passenger-vehicle segment saw sales of 38,129 units, an 18.7% increase over year-ago's 32,113.
The light commercial, pickup truck and minibus segment recorded modest improvement of 396 units, or 2.6%, compared with prior-year's 15,295. The medium- and heavy-duty truck segments saw 1,316 and 1,816 units sold, an increase of 8.2% and 28.7%, respectively.
NAAMSA says demand for newpassenger and commercial vehicles will remain strong during the year's second half. However, it expects some industry consolidation as additional interest rate hikes, higher energy and operating costs and pricing pressures slow growth.