Press Room

2018/04/03

March vehicle sales driven by consumers' pre-emptive buying

Posted in category: New Vehicle Sale Commentary

Despite fewer selling days in March due to public holidays, the new vehicle industry made an upward swing, with a total of 49 233 new vehicles sold reflecting a growth of 1.1% year on year. Aggregated sales data from the National Association of Automobile Manufacturers of South Africa (Naamsa) show passenger car sales through the dealer channel contributing to the bulk of growth with an 8.8% increase when compared to the same month last year.

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2018/03/20

Consumers cautioned ahead of vat, fuel levy increases

Posted in category: Thought Leadership

Despite the recent positive sentiments about South Africa’s economy, the challenges facing it remain and the state’s overall fiscus set the tone for a trying budget in 2018. Ahead of the implementation from April 1 of a number of budgetary pronouncements, consumers are reminded to remain cautious of the tariff hikes.

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2018/03/01

Normalisation of rental market impacts new vehicle sales

Posted in category: New Vehicle Sale Commentary

South Africa’s new vehicle sales industry remained under pressure for the second month of 2018, with a total of 46 347 new vehicles sold – a year-on-year decline of 3.8%. According to the National Association of Automobile Manufacturers of South Africa, the largest sales declines in February were seen in the rental channel, where sales fell almost 30%, and government channel, where sales were down 42%.

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2018/02/01

Despite consumer demand, rental fleet sales hold back new car market

Posted in category: New Vehicle Sale Commentary

South Africa’s new vehicle industry had a less-than-ideal start to the year, with an 8.9% year-on-year decline in new vehicle sales. A total of 45 888 new vehicles were sold in January 2018, compared with 50 386 units in the same period last year. However, this decline in sales attributed almost entirely to a large, 33.5% drop in sales in the rental market.

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2018/01/09

2017 vehicle sales end on positive note

Posted in category: New Vehicle Sale Commentary

The new vehicle industry ended 2017 on a positive note, according to the annual sales data from the National Association of Automobile Manufacturers of South Africa (Naamsa).  Despite December 2017’s year-on-year sales declining 2.4%, the year-to-date new car sales for 2017 still grew 1.8%. In total, 557 586 new vehicles were sold in South Africa during 2017.

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Spokespeople profiles

WesBank - CEO
Chris de Kock

WesBank - CEO

Chris de Kock took over as CEO of WesBank on 01 October, 2013 after occupying the Head of Sales and Marketing role for five years. He joined WesBank in 1987 as a New Business clerk in the Motor division and spent time working in the Corporate, Marketing, Fleet and Insurance divisions. Chris has a Bachelor of Commerce degree from UNISA and completed the Advanced Executive Program at Harvard in 2005.

WesBank - CEO of Corporate
Gerald Burton

WesBank - CEO of Corporate

Gerald Burton was appointed CEO of the Corporate Division in September 2016 after filling the position of General Manager of Corporate Division since 2009. His role requires him to focus constantly on building and delivering Instalment Sales, Leasing, Rental and Fleet Management solutions for the South African corporate market. Gerald joined WesBank in 1991 in a sales role and has over the years, contributed extensively to both the Retail and Corporate divisions at the bank.

For more information, contact us

Telephone: (011) 632 6000

Email: pr@wesbank.co.za