DECEMBER, 2005 NEW VEHICLE SALES STATISTICS : EMBARGO : 13H00, TUESDAY, 10 TOTAL VEHICLES TOYOTA VOLKSWAGEN FORD MOTOR COMPANY GENERAL MOTORS SA NISSAN DAIMLERCHRYSLER BMW GROUP TATA RENAULT PEUGEOT HONDA FASA NISSAN DIESEL MAN MAHINDRA SUBARU VOLVO TRUCKS TYCO TRUCKS IVECO GAZ SCANIA PORSCHE TOTAL DECEMBER INDUSTRY SALES “ PREVIOUS MONTH “ TOTAL SALES JAN/DECEMBER “ CARS 12 052 7 932 6 854 6 372 3 079 2 569 1 775 1 300 1 096 644 602 454 245 220 152 135 76 69 56 52 51 29 2005 2004 2005 2004 2005 2004 45 814 35 962 50 502 41 656 565 018 449 594
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BMW GROUP 1 SERIES 175, 3 SERIES 1074, 5 SERIES 114, 6 SERIES 22, 7 SERIES 12, X3 94, X5 97, Z4 36, MINI 151 DAIMLER CHRYSLER SMART 92, A CLASS 106, C CLASS 478, CLS 16, E CLASS 59, S CLASS 1, M CLASS 92, VITO 60, CHRYSLER NEON 8, PT CRUISER 13, VOYAGER 93, CHRYSLER 300C 33, CROSSFIRE 15, JEEP WRANGLER 26, JEEP CHEROKEE 176, JEEP GRAND CHEROKEE 75, LANCER 10, PAJERO 55, OUTLANDER 8 PALIO/SIENA/PUNTO 143, FIAT PANDA 100, FIAT CROMA 4, FIAT MULTIPLA 7, FIAT STILO 12, ALFA 147 12, ALFA 156 8, ALFA GT 24 KA 605, FIESTA 792, IKON 103, MAZDA3 436, FOCUS 682, TERRITORY 185, MAZDA6 87, MX5 35, RX8 14, JAGUAR 112, VOLVO S40 313, V50 35, S60 100, V70 19, S80 5, C70 1, XC90 64, DEFENDER 73, FREELANDER 73, DISCOVERY III 142, RANGE ROVER SPORT 24, RANGE ROVER 13 CORSA/CORSA CLASSIC 1890, ASTRA 325, OMEGA 1, MERIVA 36, ZAFIRA 12, TIGRA 42, AVEO 466, LUMINA 20, SPARK 412, OPTRA 36, VIVANT 7, SAAB 16 ACCORD 52, CIVIC 35, CR-V 124, JAZZ 332, FR-V 50, S2000 9 SCORPIO 82 ALMERA 536, MICRA 163, 350z 18, PATROL 20, X TRAIL 194, MURANO 113, PATHFINDER 64 1007 21, 206 421, 307 100, 407 63, PARTNER 1, 807 1, 607 1 BOXSTER 5, 911 11, CAYMAN 4, CAYENNE 9 CLIO 406, MEGANE/SCENIC 556, KANGOO MULTIX 10, LAGUNA 16, MODUS 81, ESPACE 8 IMPREZA 51, FORESTER 70, LEGACY 2, OUTBACK 12 INDICA/INDIGO 676 TAZZ 1746, YARIS 2193, COROLLA/RUNX/VERSO 3688, CAMRY 284, RAV4 291, LEXUS 12, LANDCRUISER 64, PRADO 300, PRIUS 9 CITI GOLF 2202, JETTA (A4) 53, GOLF (A5) 826, PASSAT 110, POLO/POLO CLASSIC 2902, TOUAREG 73, TOURAN 119, CARAVELLE/KOMBI T5 160, SHARAN 19, BEETLE CABRIOLET 9, CADDY 86, AUDI (A3) 347, AUDI (A4) 586, AUDI (A6) 50, AUDI (A8) 7, AUDI TT 5 2005 2004 2005 2004 2005 2004 31 135 24 575 34 082 27 887 376 894 301 151
1 775
1 416 310
FASA
FMC
3 913 3 263 602 82 1 108 608 29 1 077 135 676 8 587
GMSA HONDA MAHINDRA NISSAN PEUGEOT PORSCHE RENAULT SUBARU TATA TOYOTA
VWSA
7 554
TOTAL DECEMBER CAR SALES “ PREVIOUS MONTH “ TOTAL JAN/DECEMBER CAR SALES “
LIGHT COMMERCIAL VEHICLES
DAIMLER CHRYSLER FASA FMC GMSA MAHINDRA NISSAN PEUGEOT RENAULT TATA TOYOTA VWSA
COLT 731, VITO 24
755
FIAT STRADA 129, PALIO PANEL VAN 9, DUCATO 3 BANTAM 1407, RANGER 985, DRIFTER 462, DEFENDER P/U 19, GAMEVIEWER 9 ISUZU KB 1493, CORSA UTILITY 1486, CHEV UTILITY 16, OPEL COMBO 14 BOLERO 70 B140 541, HARDBODY 1191, NAVARA 228 PARTNER 9 KANGOO 17, TRAFIC 2 TELCOLINE 307 TAZZ CARRI 35, HILUX 1913, HI-ACE BUS 748, LANDCRUISER 216, QUANTUM 264 PICKUP 49, CADDY PANEL VAN 217, T5/TRANSPORTER PANEL VAN 13, TRANSPORTER CREW BUS 30, TRANSPORTER PICKUP 14 2005 2004 2005 2004 2005 2004 12 651 9 875 13 762 11 692 160 711 127 629
141 2 882 3 009 70 1 960 9 19 307 3 176 323
TOTAL DECEMBER LCV SALES “ PREVIOUS MONTH “ TOTAL LCV SALES JAN/DECEMBER “
MEDIUM, HEAVY AND EXTRA HEAVY COMMERCIALS AND BUSES
Gross Vehicle Mass
MEDIUM CV HEAVY CV (3501 – 8500 KGS) (8501 – 16 500 KGS)
EXTRA HEAVY (16 501 KG +)
BUSES (> 8501 KG)
TOTAL
DAIMLERCHRYSLER (FL) DAIMLERCHRYSLER (FUSO) DAIMLERCHRYSLER (MB) FASA FMC GAZ GMSA (ISUZU) IVECO MAN TRUCK & BUS NISSAN DIESEL NISSAN PEUGEOT SCANIA TATA TOYOTA TYCO DAF TYCO INTERNATIONAL TYCO RENAULT VOLVO TRUCKS VWSA TOTAL DECEMBER “ PREVIOUS MONTH “ TOTAL JAN/DEC “ 2005 2004 2005 2004 2005 2004 -
53 83 3 59 52 43 42 95 11 27 203 189 55 915 613 1 278 865 12 249 8 636
7 39 53 2 16 72 63 70 1 1 5 329 274 455 362 5 177 3 721
43 157 4 12 133 78 44 51 30 10 56 1 65 684 515 809 729 8 953 7 502
16 71 7 6 100 110 116 121 1 034 955
43 60 295 3 59 52 100 56 220 245 11 27 51 317 289 11 56 2 76 55 2 028 1 512 2 658 2 077 27 413 20 814
MEMO ITEM : ASSOCIATED MOTOR HOLDINGS AGGREGATE SALES BY MAJOR SEGMENT – SMALL CARS (CUBIC CAPACITY 1400CC OR LESS) MEDIUM CARS (CUBIC CAPACITY 1400CC – 2500CC) LARGE CARS (CUBIC CAPACITY 2500CC OR GREATER) 4X4 RECREATIONAL/SUV LIGHT COMMERCIAL VEHICLES TOTAL 1 686 799 148 744 657 4 034
BEST WISHES FOR 2006 TO ALL NAAMSA SUBSCRIBERS, THE MEDIA AND NAAMSA MEMBERS. NAAMSA OFFICES: PRETORIA 9TH JANUARY, 2006
NAAMSA MEDIA RELEASE : COMMENT ON THE DECEMBER 2005, YEAR 2005 NEW VEHICLE SALES TH STATISTICS AND ON PROSPECTS FOR 2006 : EMBARGO TIME : 13H00 : TUESDAY, 10 JANUARY, 2006 COMMENT ON DECEMBER 2005 SALES : A RECORD SALES MONTH New vehicle sales ended 2005 on a strong note. Aggregate new vehicle sales during December, 2005 at 45 814 units reflected an improvement of 9 852 vehicles or an impressive 27,4% compared to the total new vehicle sales of 35 962 units during the corresponding month last year. Sales in all four segments during December, 2005 had registered significant gains on the corresponding month last year. For the year as a whole, NAAMSA reported sales improved by an exceptional 115 424 units or 25,7% to reach 565 018 vehicles compared to the 449 594 units sold during 2004. Taking account of sales of new vehicles not reported in detail through NAAMSA, the industry achieved an all time record sales number of 617 450 vehicles. December, 2005 new car sales at 31 135 units – the highest December monthly total on record – had recorded a gain of 6 560 passenger cars or 26,7% compared to the 24 575 new cars sold during December, 2004. Sales of new light commercial vehicles, bakkies and minibuses at 12 651 units during December, 2005 - the best ever December monthly total on record - had registered an improvement of 2 776 units or 28,1% compared to the 9 875 light commercial vehicles sold during the corresponding month in 2004. Sales of vehicles in the medium and heavy trucks segments of the industry during December, 2005 had also registered strong gains and at 915 units and 1 113 units, respectively, reflected an improvement of 302 vehicles or 49,3%, in the case of medium commercials, and 214 units or 23,8%, in the case of heavy trucks and buses – compared to the corresponding month last year. The December monthly medium and heavy commercial vehicle sales total also represented the highest December sales month on record. COMMENT ON YEAR 2005 NEW VEHICLE SALES, EXPORTS AND PRODUCTION During 2005, South Africa was probably the best performing market internationally. Calendar 2005 represented another outstanding and record year for the South African new vehicle manufacturing industry with both domestic sales and production rising to all time highs. NAAMSA annual industry sales by sector, for the past three years, were as follows – Sector Cars Light Commercials Medium Commercials Heavy Commercials/Buses Total Vehicles 2003 247 259 104 884 6 372 9 955 368 470 2004 301 151 127 629 8 636 12 178 449 594 2005 376 894 160 711 12 249 15 164 565 018 2005/2004 % Change 25,2% 25,9% 41,8% 24,5% 25,7%
Sales of new vehicles presently not reported in detail through NAAMSA are estimated to have added 52 432 units to the 2005 figures (43 023 cars and 9 409 light commercial vehicles). This effectively translates into an annual all time record aggregate South African domestic new vehicle sales market in excess of 617 000 vehicles. Final 2005 export figures should be available by the middle of January, 2006. Based on the industry’s export performance for the first 11 months of the year, the following export volumes for 2005 were expected – 2003 Cars Light Commercials Medium, Heavy Trucks and Buses Total Exports 114 909 11 283 469 126 661 2004 100 699 9 360 448 110 507 2005 118 000 26 000 400 144 400
- 2 South Africa’s track record as a manufacturer and supplier of automotive components and vehicles has been firmly established and from the middle of 2005, on the back of new export programmes, vehicle exports picked up substantially. The positive export growth momentum should continue through 2006 and is principally attributable to contractual arrangements with multinational automotive corporations as well as the Motor Industry Development Programme. For 2005, total industry exports should reach about 144 000 vehicles. The combined effect of higher output for both the domestic and export markets resulted in total domestic production for 2005 approximating 530 000 vehicles compared to total production of 455 052 vehicles in 2004 – an improvement of 16,5%. INDUSTRY PROSPECTS FOR 2006 : FURTHER IMPROVEMENT IN NEW VEHICLE SALES EXPECTED, BUT AT A MORE SUBDUED PACE. TOTAL DOMESTIC PRODUCTION TO EXPAND SIGNIFICANTLY. Overall, 2006 should be another very good year for the South African automotive industry. The exceptionally positive growth trend in South African new vehicle sales, experienced over recent years, should continue into the first half of 2006, albeit at a more subdued pace – with current industry sales projections for the year as a whole in a range of 7% to 10%. At the same time, however, industry vehicle exports and domestic production are set to grow by double-digit numbers. Focusing on domestic sales, the spectacular growth rates in sales volumes over the past two years (25,7% in 2005 and 22% in 2004) are expected to moderate during 2006 for the following reasons – • • During 2006, the industry’s sales performance will be measured relative to the record high base of 2005. Following two years of record sales, some consolidation is to be expected. With interest rates in 2006 likely to remain on hold, the benefit of the past interest rate reductions over the past three years will start to dissipate and will not contribute to boosting demand as significantly as was the case in 2004 and 2005. Moreover, growth in personal disposable income levels is expected to slow on the back of high levels of indebtedness. The substantial increase in the tax burden as a result of the changes to fringe benefit taxation on motor cars (car allowances and company car taxation) – which will be felt by tax payers for the first time in 2006 – is expected to contribute to changing purchasing decisions and impact negatively on demand patterns, particularly in respect of vehicles in the premium segments. The effect of the tax changes is likely to manifest itself during the second half of the year.
•
On balance, prospects for 2006 remain positive. GDP growth of around 5%, strong business confidence and corporate profitability, positive consumer sentiment driven by low inflation, stable interest rates and continued expected improvement in vehicle affordability – should serve to support demand for new motor vehicles during 2006. Moreover, car rental business (boosted by higher levels of economic activity and tourism) and government business (driven by increased investment in infrastructure development and basic services delivery) are also likely to remain strong. Following the record sales in 2005 and given the considerations outlined – industry sales projections for 2006 anticipate further improvement in sales volumes of between 7% and 10% for the year. Importantly, domestic new vehicle production will receive a substantial boost from higher domestic sales and particularly from the projected significant increase in industry vehicle exports and industry output should rise to over 610 000 vehicles compared to the production figure in 2005 of about 530 000 units. Despite the challenges of global production over capacity and the strong Rand – 2006 aggregate new vehicle exports should reach over 200 000 units, an improvement of about 57000 vehicles or close on 40% on the 143 400 vehicles exported in 2004. Going forward, the South African automotive industry will have to continue to focus on further improvements in competitiveness in terms of production costs, without compromising high quality levels. The industry will also continue to face the challenges of continuously having to adapt to the ever changing complexities, realities and demands of global competition. Some of the key issues the South African automotive industry will focus on during 2006 include the need for stability and predictability in official automotive industry policy to facilitate long term planning and investment decisions, the critically important need for programmes to boost technical/autotronics and commercial skills development in the industry as well as the AutoAfrica’2006 International Motor Show – the first OICA Internationally accredited automotive exhibition in South Africa to be held in Johannesburg starting the end of October, 2006. NAAMSA OFFICES: PRETORIA 10
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