Investors: International Sales

MOTOR INDUSTRY LOSES FURTHER MOMENTUM IN THE WAKE OF THIRD QUARTER STRIKE ACTION

Fri, Nov 1 2013

  • GMSA achieves 10,2% market share
  • Chevrolet Spark ranks in top ten for the month
  • Chevrolet Utility continues to show strength in sub-1 Ton market

Monthly vehicle sales statistics for October, released by the Department of Trade and Industry today, show a continued loss in momentum in vehicle sales after four years of positive growth. Year-on-year sales do however remain in the black with 2013 still set to be a growth year for the South African motor industry.

During October General Motors South Africa (GMSA) achieved a market share of 10,2% with strong sales of its key passenger and light commercial vehicle (LCV) models. The Chevrolet Spark continues to be a force in the small car segment with passenger car sales of 778 units securing ninth place in the top ten sellers for the month.

The Chevrolet Cruze sold 608 units for the month while the Chevrolet Captiva and Trailblazer had a strong showing in the SUV sector with 253 and 383 units respectively for the month. In the light commercial sector the Chevrolet Utility had another strong sales month with 1214 sales. The Spark Pronto continued to consolidate itself in the market with sales of 86 units as a unique purpose built urban delivery solution.

“October sales dipped slightly below forecast, in part due to inventory limitations in popular locally produced lines, in the wake of the industry wide strike during the third quarter. Total sales of 56927 vehicles reflect a drop in growth to 3,9% for the ten months to date compared to 2012,” says Brian Olson, GMSA’s Vice President Vehicle Sales, Service, and Marketing.

“Trading conditions remain difficult with private buyers, the mainstay of the industry in the early part of the year, impacted by higher than inflation price increases as a consequence of pressure on the rand resulting in high levels of imported inflation. Passenger vehicle sales were down by 4,4% compared to the same period last year. This despite some relief offered by aggressive marketing campaigns in a highly competitive market and sustained low interest rates.

“The passenger vehicle market drew strong support from positive activity in the vehicle rental sector which accounted for 17,4% of passenger vehicle sales for the month. Dealer sales remained above 80% of the total market, supported by a welcome high level of activity in the light commercial sector. In contrast to passenger vehicle sales this sector showed only a marginal decline of 0,2% over October last year – an encouraging trend.

“With ten month’s sales in the books the industry remains in the black with growth of 3,9% over the same period in 2012. The goal of 5% growth for the year may still be achievable as the industry drives towards its third best year ever.”

View Terms & Conditions

LEGAL NOTICES
PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS SITE

THIS WEB SITE (THE "SITE") IS PROVIDED BY GM FOR INFORMATIONAL PURPOSES ONLY. BY USING THE SITE, OR BY DOWNLOADING MATERIALS FROM THIS SITE, YOU AGREE TO ABIDE AND BE BOUND BY THE TERMS AND CONDITIONS CONTAINED BELOW AND ELSEWHERE WITHIN THE SITE. IF YOU DO NOT AGREE TO ABIDE BY AND BE BOUND BY THESE TERMS AND CONDITIONS, DO NOT USE THIS SITE OR DOWNLOAD MATERIALS FROM THE SITE.

LINKS TO OTHER MATERIALS: As a convenience to you, GM may provide on this Site links to Web sites (the "linked sites") that are operated by other entities. The linked sites are not under the control of GM and GM is not responsible for the content of any linked site or any link contained in a linked site. GM reserves the right to terminate any link or linking program at any time. GM does not endorse companies or products to which it links and reserves the right to note as such on its Web pages. If you decide to access any of the third party sites linked to this Site, you do this entirety at your own risk and it is your responsibility to take all protective measures to guard against viruses or other destructive elements.

APPLICABLE LAWS: This Site is controlled by GM from its offices within the United States of America. GM makes no representation that information in this Site is appropriate or available for use in other locations, and access to this Site from countries or territories where the Site's content is illegal is prohibited. If you access this Site from outside the United States, you do so on your own initiative and you are responsible for compliance with all applicable local laws. These Terms and Conditions of use are governed by the laws of the State of New York, without giving effect to its conflict of laws provisions.

GENERAL: GM reserves the right, at its sole discretion, to change, modify, add or remove any portion of these Terms and Conditions, in whole or in part, at any time. Changes will be effective when notice of such change is posted. Your continued use of the Site after any changes are posted will be considered acceptance of those changes. You should visit this page from time to time to review the then-current Terms and Conditions because they are binding on you.

THE INFORMATION CONTAINED HEREIN MAY CONTAIN INACCURACIES AND TYPOGRAPHICAL ERRORS. GM DOES NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE INFORMATION OR THE RELIABILITY OF ANY ADVICE, OPINION, STATEMENT OR OTHER INFORMATION DISPLAYED OR DISTRIBUTED THROUGH THIS SITE OR ANY LINKED WEB SITE. YOU ACKNOWLEDGE THAT ANY RELIANCE ON ANY SUCH OPINION, ADVICE, STATEMENT, MEMORANDUM, OR INFORMATION SHALL BE AT YOUR SOLE RISK. GM RESERVES THE RIGHT, IN ITS SOLE DISCRETION, TO CORRECT ANY ERRORS OR OMISSIONS IN ANY PORTION OF THE SITE. GM MAY MAKE ANY OTHER CHANGES TO THIS SITE AND THE INFORMATION CONTAINED IN THIS SITE AT ANY TIME WITHOUT NOTICE.

IN NO EVENT SHALL GM OR ANY OF ITS SUBSIDIARIES BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES (INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION OR PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM) THAT ARE RELATED TO THE USE OF, OR THE INABILITY TO USE, THE CONTENT, MATERIALS, AND FUNCTIONS OF THIS SITE OR ANY LINKED WEB SITE, EVEN IF GM IS EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

On this website, our use of the words "expect," "anticipate," "possible," "potential," "target," "believe," "commit," "intend," "continue," "may," "would," "could," "should," "project," "projected," "positioned" or similar expressions is intended to identify forward-looking statements that represent our current judgment about possible future events. We believe these judgments are reasonable, but these statements are not guarantees of any events or financial results, and our actual results may differ materially due to a variety of important factors. Among other items, such factors might include: our ability to realize production efficiencies and to achieve reductions in costs as a result of our restructuring initiatives and labor modifications; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt, including as required to fund our planning significant investment in new technology; our ability to realize successful vehicle applications of new technology; and our ability to continue to attract new customers, particularly for our new products. GM's most recent annual report on Form 10-K and quarterly reports on Form 10-Q provide information about these and other factors, which we may revise or supplement in future reports to the SEC.