COMMERCIAL NEWS
Strong truck sales buck the trend
Medium truck sales in November totalled 804, an improvement of 120 units, while the 1,933 heavy trucks and buses sold reflected a gain of 270 units
The latest new-vehicle sales figures released by the National Association of Automobile Manufacturers of SA (Naamsa ) showed truck sales remained strong against an otherwise declining market. November's overall domestic new-vehicle sales at 47,486 units declined 2,265 vehicles (4.6%), compared to the 49,751 vehicles sold in November 2017. Passenger-car sales dropped 5.4% to 31,054 units and light commercial vehicles were down 6.1% to 13,695 units. However, trucks bucked the trend with sales increases in both the medium and heavy segments. There were 804 medium trucks sold in November, an improvement of 120 units or 17.5%, while the 1,933 heavy trucks and buses sold reflected a gain of 270 vehicles or 16.2%. It was the fifth consecutive month that both truck segments recorded increased sales, which suggested an improvement in capital investment sentiment, said Naamsa. The association believes the current difficult economic environment was expected to continue over the medium term, pa...
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.