According to Naamsa, exports of locally-produced vehicles have increased by 20 per cent in the first 10 months of this year compared with the same period last year.
According to National Association of Automobile Manufacturers of SA (Naamsa), exports of locally-produced vehicles have increased by 20 per cent in the first 10 months of this year compared with the same period last year.
CARtoday.com reported on Tuesday that new car sales in November reflected a resilience in demand, but the light commercial vehicle sector remained under pressure from higher financing costs and above-average price increases in the year to date. Total industry sales at 28 424 units for the month of November fell by 3 578 units or 11,2 per cent compared with the 32 002 units sold during the same period last year.
However, figures released yesterday showed that despite the slowdown in the global economy, car exports had increased by 20,8 per cent to 96 872 units.
The export of light commercial vehicles moved higher by 12,8 per cent to 9 682. Exports of medium and heavy commercial vehicles increased by 26,7 per cent to 455 units in the first 10 months of this year.
In addition, total vehicles exported in October were 11 451, 13 per cent higher than the 10 133 exported in September, Naamsa director Nico Vermeulen said.