Financial Mail and Business Day

These were SA’s top-selling vehicles in November

Bakkies, compact hatchbacks and SUVs continue to dominate the sales charts,

writes Denis Droppa

SA’s new-vehicle sales continued to fly in November as consumers brushed off challenging economic conditions, including interest rates rising to a five-year high.

The latest increase in the prime lending rate to 10.5% means the monthly instalment on a R400,000 car finance agreement has increased by at least R695 in the past year. Over a 72-month agreement, a consumer would have to pay R50,000 more for their car.

Despite this strain on consumer budgets, November was the second-best selling month this year at 49,413 units, up 18.9% on November last year. So far this year 334,010 new vehicles have been sold, a 19.6% gain over January-November 2021.

“Relatively strong sales of new motor vehicles in SA in November has come as a pleasant surprise to the local motor industry and dealer networks,” said Mark Dommisse, chair of the National Automobile Dealers’ Association.

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“The consumer trend of buying less expensive and smaller cars, usually SUVs or crossovers, continues and fortunately the stock position has improved to meet this demand. Toyota is still recovering from lost production due to the four-month stoppage at its plant in Durban caused by flooding in April and the local manufacturer is catching up on deliveries that should have been made earlier in the year, which is affecting the market positively.”

Toyota posted another charttopping retail result in November, leading sales in the passenger and light commercial vehicle segments. It sold 13,903 units to register a dominant 28.1% market share, more than double that of its nearest competitor, Volkswagen.

The locally built Hilux (3,048) was once again the top-selling bakkie and most popular vehicle overall, while the locally built Corolla Cross topped the passenger segment.

Volkswagen was the second most popular brand last month with 6,406 units sold, ahead of Suzuki (4,287), Nissan (3,167), Hyundai (3,002), Ford (2,347), Haval (2,220), Isuzu (2,027), Kia (1,892), Renault (1,801), Chery (1,502), Mahindra (1,010), Mercedes-Benz (958) and BMW (760).

Bakkies, compact hatchbacks and SUVs dominated the sales charts as usual.

SA’s 30 top-selling new vehicles in November 2022:

● 1. Toyota Hilux — 3,048

● 2. Toyota Corolla Cross — 2,109

● 3. Ford Ranger — 1,979

● 4. Toyota Hi-Ace — 1,944

● 5. Suzuki Swift — 1,751

● 6. VW Polo Vivo — 1,741

● 7. VW Polo — 1,724

● 8. Isuzu D-Max — 1,578

● 9. Toyota Urban Cruiser — 1,334

● 10. Toyota Starlet — 1,322

● 11. Nissan NP200 — 1,164

● 12. VW T-Cross — 1,046

● 13. Hyundai Grand i10 — 971

● 14. Toyota Fortuner — 937

● 15. Nissan Magnite — 888

● 16. Haval Jolion — 860

● 17. Chery Tiggo4 Pro — 836

● 18. Toyota Corolla Quest — 764

● 19. Mahindra Scorpio Pik-Up — 697

● 20. Renault Kwid — 662

● 21. Renault Triber — 648

● 22. Suzuki Vitara Brezza — 598

● 23. Toyota Agya — 585

● 24. Suzuki Dzire — 563

● 25. Nissan Navara — 562

● 26. Haval H6 — 555

● 27. Kia Picanto — 495

● 28. Hyundai Venue — 446

● 29. GWM P-Series — 437

● 30. Hyundai i20 — 430

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en-za

2022-12-08T08:00:00.0000000Z

2022-12-08T08:00:00.0000000Z

https://tisobg.pressreader.com/article/282114935609475

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