“Despite new passenger vehicles sales remaining under pressure in the short to medium term, commercial vehicles sales are showing good signs of recovery, a promising sign for the economy. Export sales have had a slow start with less than a percentage growth year on year, this is likely to improve in the medium term”.
General Comments on February 2017 NAAMSA sales:
- Aggregate new vehicle sales declined month on month by 4.4%
- Passenger vehicles declined by 16.7% month on month
- Overall sales largely remained the same year on year (-0.06%)
- Passenger vehicles decreased by 4.4% year on year
- Year on year monthly comparison shows a marginal increase of 0.2% in exports
General Comments on February 2017 Standard Bank passenger vehicles:
- The average contract term remained flat year on year
- The average deal size decreased by 8.1% year on year. The recent trend towards the pre-owned/used vehicles continues and is not likely to change in the short to medium term,
Also view:
Vehicle Finance, Car Insurance and Road Safety
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