STRENGTH IN VEHICLE MARKET SUSTAINED THROUGH OCTOBER
Sales of 52 338 units just 2 019 units short of the 47-month high of September
GMSA achieves market share of 12,1% with 6 332 units for October
Chevrolet Aveo ranks as number six with 1 239 sales
Chevrolet Spark ranked at number nine amongst top ten best sellers
Strong Cruze sales of 539 units were just eight units short of top ten listing
Chevrolet Corsa Utility outsells rivals for 79th month in succession with 1 656 sales
Isuzu KB delivers solid performance with 1 155 sales in 1-ton sector
GMSA achieves 21,96% share of light commercial vehicle market
General Motors South Africa (GMSA) continued to consolidate its position as a top-ranked manufacturer with 6 332 sales recorded in October for a 12,1% share of the total market. This solid performance came in another month of high activity in the market place with 52 338 new vehicles being delivered.
October vehicle deliveries were up 18,9% on October 2010 and just 2 019 units down on the 47-month high recorded in September. In the Passenger market the Chevrolet Aveo ranked as the sixth best seller with deliveries of 1 239 units. A high level of interest in the Chevrolet Spark saw it retain a position in the top ten as number nine.
The Chevrolet Corsa Utility continued to dominate the sub-one ton segment with sales of 1 656 units to extend its unbroken leadership of this market to 79 months. A sturdy performance from the Isuzu KB in the 1-ton sector, where it ranks as number two with sales of 1 155 units, boosted GM’s share of the LCV market to 21,96%.
“October vehicle sales delivered another strong month for the motor industry following on the four year high of September. Sales were likely supported by a high level of interest generated by the Johannesburg International Motor Show and new model activity associated with the show,” says Malcolm Gauld, GM’s Vice President, Sales and Marketing.
“The total market was up 18,9% on October 2010 with passenger sales up 19,8% for the same period. Sales of light commercial vehicles, always an important indicator of economic activity, were again positive with an increase of 15,6% over October 2010. Similarly sales of medium and extra heavy vehicles were very positive showing increases of 31,6 and 29,6% respectively.
“New vehicle deliveries in the past month dropped off by 2 019 units compared to September, largely accounted for by a drop off in deliveries to rental fleets of around 1 200 units. In contrast government sales were up by 800 units.
“An indicator of public participation in the market is the daily sales average through the dealer channel. In October this number was 1 934 units per day, the best number seen since March of this year. While overall dealer sales are down on September this can be accounted for by the fact that there was one less selling day available in October. On balance we feel that demand through October was on a par with that experienced during September.
“October saw a slight reversal in the year-to-date market trend with growth moving up marginally from 16,2% to 16,5% for the first ten months of the year. At GMSA we are still expressing a degree of caution with regard to the sustainability of the current level of sales. Local and imported cost pressures remain a concern, as does the current turmoil in the Euro currency zone, impacting on the total global stage..
“The motor industry has experienced a very welcome period of high activity in recent months. It would be great to report on sales of over 570 000 which would reflect a very solid performance for the year.”