New vehicle sales have decreased with overall sales in September 2016 lowering to14.3% compared to the same month last year. Naamsa expects the negative sales trend to continue over the medium term, given the current economic climate. The fall in sales are largely due to the ever increasing cost of new car prices.
Top 10 Selling Car Brands
Top 20 Reported Sales*
*Excludes non-reporters such as Mercedes-Benz, Hyundai, Kia and GWM.
The Best Cars According to Affordability in South Africa
Three finalists each in thirteen categories were announced last month and the next phase of judging will evaluate the finalists back-to-back during a two-day testing session at Gerotek. The data incorporates feedback from tens of thousands of vehicle owners, based on their experiences of their vehicles.
With international oil prices on the rise and the rand's depreciation after Finance Minister Pravin Gordhan was summoned to court on fraud charges may mean a substantial increase in fuel prices once again in November.
At time of writing at the end of October 2016 motorists were paying R12.12 at the coast and R12.60 in Gauteng for 95 Octane petrol, while 0.05ppm diesel sold for between R10.33 and R10.71. In November, they could be looking at an increase of 50c for petrol.
Skhumbuzo Macozoma is the new chief executive of the South African National Roads Agency Limited. He holds an MSc degree in civil engineering, and as a professional engineer with a wealth of knowledge in the sector will be a valuable resource within the broader engineering sector, the construction industry and the investor community.
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