South Africa Auto exports increase over falling sales

Global Business

South Africa Auto exports increase over falling sales.00_00_14_00.Still007

New vehicle sales tend to be a key indicator of a country’s economic health and its appetite for credit.

In South Africa just 51,055 new vehicles were bought in August, down from 55,610 bought in the same month last year. Angelo Coppola filed this report about the decline, and its implications.

Follow Angelo Coppola on Twitter @angelo2711.

South Africa Auto exports increase over falling sales

South Africa Auto exports increase over falling sales

New vehicle sales tend to be a key indicator of a country’s economic health and its appetite for credit. In South Africa just 51,055 new vehicles were bought in August, down from 55,610 bought in the same month last year. Angelo Coppola filed this report about the decline, and its implications.

More details:

  • The multi nationals still see South Africa as a good production option. The Volkswagen Group announced that it plans to invest $375m (R4.5bn) to produce two new models at its plant in Uitenhage in the Eastern Cape. The investment will take its production from 116 000 vehicles per annul to over 150 000 units by 2017.