MOTOR trade sales‚ measured in nominal terms (current prices)‚ increased by 13.2% year on year in July this year, data released by Stats SA yesterday shows.
The highest annual growth rates were recorded for new vehicle sales (18.6%)‚ workshop income (18%)‚ fuel sales (14.1%) and sales of accessories (11.4%)‚ Stats SA said.
Seasonally adjusted motor trade sales increased by 5.1% in July this year compared with June.
This followed month-on-month changes of -3% in June and 1.1% in May. Seasonally adjusted motor trade sales increased by 2.1% in the three months ended July compared with the previous three months.
Motor trade sales increased by 8.8% in the three months ended July compared with the same period last year.
The major contributors to this increase were new vehicle sales (10.7% and contributing 3.1 percentage points); fuel sales (9.4% and contributing 2.4 percentage points); used vehicle sales (7.7% and contributing 1.3 percentage points); and sales of accessories (6.6% and contributing 1.2 percentage points). – BDlive