1 051 new vehicles sold in August
During August 2022, a total 1 051 new vehicles were sold, representing a 55.2% month-on-month increase from the 677 sold in July 2022, according to IJG Securities.
In August 2021, new vehicle sales stood at 762, representing 37.9% year-on-year increase. New vehicle sales were mainly driven by the passenger (519) and light commercial categories (465).
New vehicle sales for heavy commercial and medium commercial categories stood at 49 and 18, respectively.
“New vehicle sales recovered materially this month, breaching the 1 000 level for the first time since March. The growth was largely driven by a rebound in sales from Toyota in particularly the passenger- and light commercial categories, due to the recommencement of production at the KwaZulu Natal production plant, although Volkswagen also recorded a robust increase in passenger vehicle sales,” IJG said.
On a twelve-month cumulative basis, new passenger vehicle sales breached the 5 000 mark for the first time since May 2019 and is edging towards 2018 levels. New commercial vehicles sales however continue to hover around the 4 800 level on a twelve-month cumulative basis, where it has been trending for the past year, IJG added.
Year-to-date, 6 915 new vehicles have been sold, of which 3 574 were passenger vehicles, 2 907 light commercial vehicles, and 434 medium and heavy commercial vehicles. In comparison, 6 454 new vehicles were sold by August 2021.
Toyota
Toyota retained its lead in the new passenger vehicle sale segment, claiming 29.6% of the sales on a year-to-date basis, followed by Volkswagen with a 23.3% share, slightly higher from the previous month. The two top brands maintained their large gap over the rest of the market with Kia and Suzuki following with 9.2% and 8.2% of the market, respectively, leaving the remaining 29.7% of the market to other brands.
On a year-to-date basis, Toyota also maintained its dominance in the light commercial vehicle space with a 45.9% market share, followed by Nissan with 13.5%. Hino continues to lead the medium commercial vehicle segment with 28.6% of year-to-date sales, followed by Mercedes-Benz with 21.9% market share.
In the heavy and extra-heavy commercial vehicle market, Scania retained its position as the leader with 30.7% market share, IJG [email protected]
In August 2021, new vehicle sales stood at 762, representing 37.9% year-on-year increase. New vehicle sales were mainly driven by the passenger (519) and light commercial categories (465).
New vehicle sales for heavy commercial and medium commercial categories stood at 49 and 18, respectively.
“New vehicle sales recovered materially this month, breaching the 1 000 level for the first time since March. The growth was largely driven by a rebound in sales from Toyota in particularly the passenger- and light commercial categories, due to the recommencement of production at the KwaZulu Natal production plant, although Volkswagen also recorded a robust increase in passenger vehicle sales,” IJG said.
On a twelve-month cumulative basis, new passenger vehicle sales breached the 5 000 mark for the first time since May 2019 and is edging towards 2018 levels. New commercial vehicles sales however continue to hover around the 4 800 level on a twelve-month cumulative basis, where it has been trending for the past year, IJG added.
Year-to-date, 6 915 new vehicles have been sold, of which 3 574 were passenger vehicles, 2 907 light commercial vehicles, and 434 medium and heavy commercial vehicles. In comparison, 6 454 new vehicles were sold by August 2021.
Toyota
Toyota retained its lead in the new passenger vehicle sale segment, claiming 29.6% of the sales on a year-to-date basis, followed by Volkswagen with a 23.3% share, slightly higher from the previous month. The two top brands maintained their large gap over the rest of the market with Kia and Suzuki following with 9.2% and 8.2% of the market, respectively, leaving the remaining 29.7% of the market to other brands.
On a year-to-date basis, Toyota also maintained its dominance in the light commercial vehicle space with a 45.9% market share, followed by Nissan with 13.5%. Hino continues to lead the medium commercial vehicle segment with 28.6% of year-to-date sales, followed by Mercedes-Benz with 21.9% market share.
In the heavy and extra-heavy commercial vehicle market, Scania retained its position as the leader with 30.7% market share, IJG [email protected]
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