Industry vehicle sales, export and import statistics for 2012 through 2020, together with current projections for 2021 and 2022, are reflected on the attachment to the submission.
Key Features: Second Quarter 2021
- Second Quarter 2021 industry new vehicle sales recorded a robust rebound of 148,6% compared to the severely COVID-19 affected corresponding quarter of 2020 but compared to the First Quarter 2021 the decline of 2,9% signals a slowdown in the pace of recovery;
- Second Quarter 2021 industry employment reflected an increase of 390 jobs to reach 30,315 positions at end June 2021;
- Industry capacity utilisation levels in the various industry segments continued their gradual improvement, reflecting improved market conditions national and internationally for new vehicle sales and vehicle exports;
- Aggregate capital expenditure by the major vehicle manufacturers in 2020 recorded its highest level on record at R9,2 billion;
- Second Quarter 2021 vehicle production, supported by robust global demand as well as a strong rebound in the domestic new vehicle market, reflected a massive increase of 173% compared to the severely affected COVID-19 corresponding quarter 2020;
- Vehicle exports continued their upward momentum during the second quarter and for the first half 2021 were now 66% above the corresponding first half 2020 but were still 0,9% below the corresponding quarter 2019; and
- The naamsa CEOs Confidence Index, as an in-house leading business confidence indicator of current and future developments in the domestic automotive industry, reflects the sentiment expressed by the naamsa CEOs for the second quarter 2021 compared to the second quarter 2020 as well as for automotive and general business conditions over the next six months.
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View Industry Vehicle Sales - 2013 - 2022 - Actual and Projections