Vehicle exports from Eastern Cape gathering slow pace

Source: Eastern Cape Exporters.

Non-profit export promotion agency Exporters Eastern Cape (EEC) has reported that overall domestic vehicle sales figures have eased despite continued growth in the medium and heavy commercial vehicle segments as indicated in the new vehicle sale statistics for the month of November.

Quoting results released by the National Association of Automobile Manufacturers of SA (Naamsa), EEC said that monthly exports sales had continued to record modest gains in line with industry expectation.

In addition, Naamsa stressed that industry production and export numbers had been impacted by unforeseen events like unplanned work stoppages and “unprocedural industrial action at various manufacturing plants”.

However, EEC concluded that the year’s aggregate for vehicle sales in November “had turned in another positive performance and at 34 352 vehicles had registered an improvement of 824 units or a modest gain of 2.5% compared to the 33 528 vehicles in October last year”.

The slight upward curve in vehicle sales is also expected to gather pace early in the new year, based on the strong order books of vehicle exporters going into 2019.

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