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NAAMSA quarterly business review report: 3RD Quarter, 2018

NAAMSA quarterly business review report:  3RD Quarter, 2018

QUARTERLY REVIEW OF BUSINESS CONDITIONS: NEW MOTOR VEHICLE MANUFACTURING INDUSTRY / AUTOMOTIVE SECTOR: 3rd QUARTER 2018

Below, for information purposes, is a downloadable copy of NAAMSA’s quarterly review of business conditions for the South African motor vehicle manufacturing Industry, during the third quarter of 2018, as submitted to the Director-General, Department of Trade and Industry & Industry vehicle sales, export and import statistics for 2000 through 2017, together with projections for 2018 through 2020, are reflected on the attachment to the submission.

Key features: Third Quarter 2018

  • Third quarter 2018 industry employment registered an increase in headcount of 305 jobs
  • Record aggregate investment by the major vehicle manufacturers in 2017 amounting to R8.17 billion
  • Continued recovery in capacity utilisation in all vehicle manufacturing segments
  • Domestic new vehicle sales declined, year on year, whilst export sales momentum reflects modest improvement
  • Expectations for 2018 are for no growth in domestic sales, whilst annual export sales numbers also remain below expectations
  • Medium to long term prospects for new vehicle exports and domestic production remainpositive – particularly strong vehicle export sales are expected for 2019 and subsequent years

NAAMSA QUARTERLY BUSINESS REVIEW REPORT: 3RD QUARTER, 2018

Industry Vehicle Sales - 2000 - 2018 - Actual and Projections - 2010 - 2020.xlsx

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