The South African motor industry’s total sales flatlined at R50bn in September, nearly unchanged from September 2015 and the previous month. 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.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.