The car rental industry has contributed a remarkable 25 percent to new vehicle sales in October, the National Association of Automobile Manufacturers of SA (NAAMSA) says.
Aggregate industry sales at 44 056 units showed an improvement of 8 004 vehicles, or 22 percent, in comparison to the 36 052 vehicles sold in October 2009.
"Looking specifically at the NAAMSA reported new car sales of 24 699 units for October 2010, the contribution by the car rental sector amounted to a remarkable 6 207 new cars or 25,1 percent," said the association.
Vehicle sales in September 2010 boasted a 16.6 percent improvement compared to September 2009.
There was significant recovery in aggregate export sales following widespread industrial action and associated loss of production in the past two months.
For October, new vehicle exports at 27 338 showed an improvement of 6 387 vehicles, or a gain of 30.5 percent, compared to the 20 951 vehicles that were exported in October 2009. When compared to September's 12 524 vehicles that were exported, the improvement amounted to 14 804 vehicles.
Above average export sales should continue in the next few months over the balance of the year as it was expected that vehicle manufacturers will continue to boost output to make up for lost production in August and September due to the strike in the vehicle and component manufacturing sectors.
There was an improvement of 13.6 percent in sales of new light commercial vehicles, bakkies and minibuses at 11 251 units in October, in comparison to the 9 902 units that were sold in October last year. Improvement stood at 11.6 percent for the first ten months of 2010. – BuaNews