South Africa Autos Report Q4 2015 - New Report Available

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 are a number of reasons behind our increased bearishness towards this autos market. For one, rand weakness is dramatically increasing the cost of imported cars. Second, BMI is now expecting the South African economy to grow by less than 2% in 2015, with growth being held back by power issues at Eskom and an uncompetitive local labour market. Moreover, inflation is also becoming a concern for the South African Reserve Bank (SARB).

Looking at the most recent sales data from the National Association of Automobile Manufacturers of South Africa (NAAMSA), new vehicle sales were down by 3.2% year-on-year (y-o-y), at 47,868 units. There were declines registered across all segments, with the exception of light commercial vehicles, bakkies and minibuses, which rose by 2.2%, to 14,182 units.

Full Report Details at
- http://www.fastmr.com/prod/1058460_south_africa_autos_report_q4.aspx?afid=301

Elsewhere, passenger car sales fell by 5.4%, to 31,201 units, while new heavy truck and bus sales dropped 4.7% to 1,698 units. Sales of medium trucks decreased by 4%, to 787 units.

The year-to-date performance of the South African new vehicle sales market is even worse. Jan-May 2015 sales stood at 211,805 units, down by 17.1% on the 255,637 units recorded for the same period in 2014, according to NAAMSA.

The South Africa Autos Report features the latest data and forecasts covering production, sales, imports and exports.

BMI Research's South Africa Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in South Africa.

Key Benefits

* Benchmark BMI's independent automotives industry forecasts on South Africa to test other views - a key input for successful budgetary and planning in the South African automotives market.
* Target business opportunities and risks in the South African automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in South Africa.
* Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts and views, covering production, sales and the introduction of new technology or products.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the autos sector and within the broader political, economic and business environment.

BMI Industry Forecasts

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- South Africa Shipping Report Q4 2015
- South Africa Freight Transport Report Q4 2015
- South Korea Autos Report Q4 2015
- Agricultural and Forestry Machine Market in South Africa to 2019 - Market Size, Development, and Forecasts
- Nigeria Autos Report Q4 2015