SOUTH AFRICA: Sales slide slows

By just-auto.com editorial team | 2 December 2009

South Africa's new vehicle sales fell 6.3% year-on-year in November, a slower pace than previous months, figures from the National Association of Automobile Manufacturers (NAAMSA) show.

Total sales were 34,295.

Vehicle sales have been in decline for more than two years, knocked by soft domestic demand, but the rate of decline is slowing.

"The latest sales figures reinforced the view that the industry was slowly emerging from the extremely severe recession in the domestic automotive market which had started mid 2006,"  said NAAMSA in a statement.

But it cautioned that any further improvement in new vehicle sales in the months ahead was likely to be uneven and hesitant.

NAAMSA said vehicle exports declined by 6.3% to 22,969 units in the year to November, but were up 2,018 units on a month-on-month basis.

"The encouraging improvement in export sales over the past few months would provide much needed support to vehicle producers and auto parts suppliers," it said.