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Motor trade sales up 16.7% y/y in May
The highest annual growth rate was recorded for new vehicle sales (27.7%)‚ followed by sales of accessories (15.0%)‚ fuel sales (13.9%) and workshop income (13.7%)
In May 2012‚ seasonally adjusted motor trade sales increased by 3.2% month on month‚ following month on month changes of 2.6% in April and -1.2% in March.
Seasonally adjusted motor trade sales for the three months ended May increased by 4.2% compared with the three months ended February.
Motor trade sales for the three months ended May 2012 increased by 12.7% compared with the three months ended May 2011.
Sales for the corresponding period in 2011 increased by 12.4%.
The major contributors to the increase of 12.7% were new vehicle sales (18.3% and contributing 5.0 percentage points)‚ fuel sales (14.6% and contributing 4.0 percentage points) and sales of accessories (10.7% and contributing 1.9 percentage points).
Source: I-Net Bridge
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For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
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