{"id":22336,"date":"2019-10-14T17:12:14","date_gmt":"2019-10-14T15:12:14","guid":{"rendered":"https:\/\/ijg.net\/research\/?p=22336"},"modified":"2019-10-14T17:12:15","modified_gmt":"2019-10-14T15:12:15","slug":"new-vehicle-sales-september-2019","status":"publish","type":"post","link":"https:\/\/ijg.net\/research\/new-vehicle-sales-september-2019\/","title":{"rendered":"New Vehicle Sales \u2013 September 2019"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

A total of 806 new vehicles were sold in September, representing a 0.2%\nm\/m decrease from the 808 vehicles sold in August. Year-to-date, 7,841 vehicles\nhave been sold of which 3,534 were passenger vehicles, 3,763 were light\ncommercial vehicles, and 544 were medium and heavy commercial vehicles. This is\nthe lowest year-to-date sales witnessed since 2009. On a twelve-month\ncumulative basis, new vehicle sales continued its downward trend. 10,680 new\nvehicles were sold over the last twelve months, a 10.2% contraction from the\nprevious twelve months and also the lowest level since 2009.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

320 new passenger vehicles were sold in September, contracting by 11.1%\nm\/m and 5.9% y\/y. Year-to-date passenger vehicle sales rose to 3,534 units,\ndown 11.1% when compared to the year-to-date figure recorded in September 2018.\nOn an annual basis, twelve-month cumulative passenger vehicle sales fell 9.7%\ny\/y as the number of passenger vehicles sold continued to decline.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

A total of 486 new commercial vehicles were sold in September, increasing\nof 8.5% m\/m but contracted by 24.8% y\/y. Of the 486 commercial vehicles sold in\nSeptember, 405 were classified as light commercial vehicles, 25 as medium\ncommercial vehicles and 56 as heavy or extra heavy commercial vehicles. On a\ntwelve-month cumulative basis, light commercial vehicle sales dropped 12.7%\ny\/y, while medium commercial vehicle sales and heavy commercial vehicles rose 0.41%\ny\/y and 12.3% y\/y, respectively.  There\nhas been an increase in the sale of heavy commercial vehicles on a year-to-year\nbasis, from the 6.9% recorded in the preceding month. This illustrates a slight\nincrease in the demand for durable goods by businesses.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Volkswagen leads the passenger\nvehicle sales segment with 30.4% of the segment sales year-to-date. Toyota in\nsecond place with 29.7% of the market-share as at the end of September. Kia,\nMercedes, Hyundai and Ford each command around 5.0% of the market in the\npassenger vehicles segment, leaving the remaining 19.4% of the market to other brands.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Toyota retains a strong year-to-date market share of 58.5% and remains\nthe market leader in the light commercial vehicle segment. Nissan remains in\nsecond position in the segment with 11.7% of the market, while Ford makes up\nthird place with 9.3% of the year-to-date sales. Hino leads the medium\ncommercial vehicle segment with 37.2% of sales year-to-date, while Scania was\nnumber one in the heavy- and extra-heavy commercial vehicle segment with 34.8%\nof the market share year-to-date.<\/p>\n\n\n\n

The Bottom\nLine<\/strong><\/p>\n\n\n\n

Vehicle sales remain under pressure, with the year-to-date new vehicle\nsales in 2019 currently below 2010 levels, and the total new vehicle sales for\nthe last 12 months down 10.2% from the same period in 2018. The number of\nvehicle sales recorded continues to decrease and any prospects of growth in the\nshort-term remains dim. Latest data from the Namibia Statistics Agency recorded\n2.6% contraction in the Namibian economy. As a result, we expect demand to\nremain subdued due to low consumer and business confidence.<\/p>\n","protected":false},"excerpt":{"rendered":"

A total of 806 new vehicles were sold in September, representing a 0.2% m\/m decrease from the 808 vehicles sold in August. Year-to-date, 7,841 vehicles have been sold of which 3,534 were passenger vehicles, 3,763 were light commercial vehicles, and 544 were medium and heavy commercial vehicles. This is the \u2026 Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,20],"tags":[],"class_list":["post-22336","post","type-post","status-publish","format-standard","hentry","category-economicresearch","category-vehiclesales"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/22336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/comments?post=22336"}],"version-history":[{"count":3,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/22336\/revisions"}],"predecessor-version":[{"id":22348,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/22336\/revisions\/22348"}],"wp:attachment":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/media?parent=22336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/categories?post=22336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/tags?post=22336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}