Total New Vehicle Sales y/y measure a change in the number of vehicles sold by South African retailers in the reported month compared to the same month a year ago.
The National Association of Automobile Manufacturers of South Africa (NAAMSA) publish monthly sales data broken down by vehicle types: cars, small and medium commercial vehicles, heavy trucks and buses. The statistics includes domestic sales and exports. The latter accounts for a larger part in total sales. In addition, the report contains forecast values for the next year. The automotive industry makes a significant contribution to the country's GDP and employment, so the indicator reflects the state of the economy. The indicator growth demonstrates consumption growth and a favorable economic situation in the country. The index growth can have a positive effect on ZAR quotes.
The chart of the entire available history of the "South Africa Total New Vehicle Sales y/y" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.
The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.
Use official plugin for WordPress websites