BMI View: The poor consumer outlook in South Africa will weigh on passenger vehicle sales as the costs
associated with owning a vehicle continue to rise. The domestic production industry will continue to do well
in the automotive industry as the export market togeth ..."
BMI View: Despite low interest rates resulting in cheaper auto loans, high household debt levels will
dampen passenger vehicle sales. A relatively strong Japanese yen will favour Korean export;, however, we
believe the slowdown in China will continue to place downward ..."
BMI View: Weak consumer sentiment will dampen passenger vehicle sales as the consumer is faced with
increasing costs associated with owning a vehicle. The domestic vehicle market will contract 6.1% in
2016 ,however, the production industry remains the bright spot in t ..."
BMI View: The weak domestic economic outlook will hinder growth in the automotive market in 2016 as
the consumer struggles with affordability issues. Total vehicle sales will contract 6.1% in 2016 led by a
contraction of 6.5% in the passenger vehicle sales segment. Th ..."
BMI View: Total vehicle sales are forecast to grow 1.7% in 2016 and at an annual average of 1.8% over
our 2016-2019 forecast period. The headwinds within the South African economy will drag on new vehicle
sales, with the export market providing the outlet required for ..."
Over the past quarter, BMI has made further downward revisions to our already-negative forecasts for new
vehicle sales in South Africa. We are now targeting a 14.9% fall in sales over 2015, to 547,073 units, with
risks remaining very much weighted towards the downside ..."
Over the past quarter, BMI has become significantly more negative on the near-term outlook for new
vehicle sales in South Africa. We are now targeting a 10.8% fall in sales over 2015, to 573,424 units, with
risks very much weighted towards the downside.
There ar ..."
The near-term outlook for South African new vehicle sales remains downbeat as we enter 2015, with the
local economy continuing to experience significant headwinds. As of end-November 2014, new vehicle
sales were down by 8.6% year-on-year (y-o-y), at 550,705 units, acc ..."
BMI View: The near-term outlook for South African new vehicle sales remains downbeat this quarter, with
the local economy experiencing significant headwinds. As of end-August 2014, new vehicle sales were down
by almost 16% year-on-year (y-o-y), at 372,526 units, according to in ..."
The outlook for South African new vehicle sales has deteriorated rapidly over the past quarter, with the
wider domestic economy risking moving into recession, following the release of Q114 GDP figures, which
showed a 0.6% contraction quarter-on-quarter (q-o-q).