Motor trade sales increase by 4.2 percent

South African Motor trade sales increased by 4.2 percent year-on-year in November 2016 – in nominal terms.

Used vehicle sales did particularly well during this period, going up by 13.9 percent year-on-year. The sale of accessories increased by 8 percent during the same period, while convenience store sales went up by 5.5 percent.

While the figures for month-on-month sales did improve last November, the increase was not nearly as prolific as it had been in September, for example, when sales increased by 1.4 percent.

Seasonally adjusted motor trade sales increased by 0,7 percent in November 2016 compared with October 2016.

The figures were released by Statistics South Africa this month.

“In the three months ended November 2016, seasonally adjusted motor trade sales increased by 0,3% compared with the previous three months.

Motor trade sales increased by 1,1 percent in the three months ended November 2016 compared with the three months ended November 2015. The main contributors were:

– used vehicle sales (11,0% and contributing 1,9 percentage points);

– sales of accessories (6,1% and contributing 1,1 percentage points); and

– new vehicle sales (-7,1% and contributing -2,0 percentage points).

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