{"id":6448,"date":"2015-08-17T12:49:42","date_gmt":"2015-08-17T11:49:42","guid":{"rendered":"http:\/\/www.ijg-research.net\/?p=6448"},"modified":"2015-08-17T13:01:44","modified_gmt":"2015-08-17T12:01:44","slug":"new-vehicle-sales-july-2015","status":"publish","type":"post","link":"https:\/\/ijg.net\/research\/new-vehicle-sales-july-2015\/","title":{"rendered":"New Vehicle Sales – July 2015"},"content":{"rendered":"

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A total of 1,933 new vehicles were sold in Namibia during July. New vehicle sales increased by 1.1% year on year, and increased 4% on a year to date basis, to a total of 12,936. This figure keeps Namibia on track for a record year of new vehicle sales. The 12-month cumulative measure of new vehicles sold increased slightly from 22,434 in June to 22,455 in July.<\/p>\n

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Passenger vehicle sales fell by 13.7% month on month, from 906 in June to 782 in July. June\u2019s sales figure was the third-highest passenger vehicle sales month of all time in Namibia. On a year to date basis, sales of new passenger vehicles grew by 2.5% to 5,768, which is the highest figure on record. Year on year sales fell by 4.5%.<\/p>\n

Commercial vehicle sales increased by an impressive 22.6% month on month to 1,151 vehicles sold, continuing after an increase of 8.3% last month. The total number of new commercial vehicles sold this year increased by 5.3% to 7,168, on track for the best-selling year on record. Sales of light commercial vehicles increased by 18.3% month to month and 4.3% year on year, rebounding after a fall of 15% year on year last month. Medium commercial vehicle sales rose by 45.8% month on month, yet decreased by 34% year on year, and heavy commercial vehicle sales rose by 84.3% month on month and 56.7% year on year. Sales of light, medium and heavy commercial vehicles are all on track for recording-breaking years, according to year to date figures.<\/p>\n

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

Current year to date vehicle sales are at record levels for all categories measured. This is a sign of positive consumer sentiment and indicative of a growing economy. A strong consumer base supported by expansionary fiscal policy and real wage growth should see this growth trend continue, although at a slower pace due to an elevated base set last year.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

A total of 1,933 new vehicles were sold in Namibia during July. New vehicle sales increased by 1.1% year on year, and increased 4% on a year to date basis, to a total of 12,936. This figure keeps Namibia on track for a record year of new vehicle sales. 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-6448","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\/6448","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=6448"}],"version-history":[{"count":2,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/6448\/revisions"}],"predecessor-version":[{"id":6450,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/6448\/revisions\/6450"}],"wp:attachment":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/media?parent=6448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/categories?post=6448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/tags?post=6448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}