{"id":16912,"date":"2022-04-14T16:47:24","date_gmt":"2022-04-14T16:47:24","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/vehicle-sales-breach-six-month-average"},"modified":"2022-04-14T16:55:50","modified_gmt":"2022-04-14T16:55:50","slug":"vehicle-sales-breach-six-month-average","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/vehicle-sales-breach-six-month-average","title":{"rendered":"Vehicle sales breach six-month average"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>THE number of vehicle units sold and the annual growth in sales had broken through the six-month moving averages during March 2022.<\/b><\/p>\n

According to a sales analysis by Simonis Storm, based on data from the National Association of Automobile Manufacturers South Africa (Naamsa), a total of 1 054 new vehicles were sold during March, compared to 883 in the previous month, giving a rise of 19,4% m\/m and the 919 sold in March 2021 increased by 14,7% y\/y.<\/p>\n

Passenger and light commercial vehicles continue to be the bulk of new vehicle sales, accounting for 50,2% and 44,3% of total sales, respectively, in March 2022.<\/p>\n

\u201cOn an annual basis, passenger vehicle sales increased by 44,5% y\/y, light commercial vehicles dropped by 4,9% y\/y, medium commercial sales went down 37,5% y\/y, while heavy commercial vehicle sales rose 37,5% y\/y and extra-heavy commercial vehicles rose 6,9% y\/y in March 2022,\u201d said Simonis.<\/p>\n

During March 2022, vehicle sales were dominated by Toyota (47,5%), Volkswagen (13,2%), Nissan (5,6%), Ford (4,4%) and Kia (4,2%).<\/p>\n

Globally, carmakers have repeatedly left factories idle due to lack of adequate semi-conductor supplies, leading to lower vehicle production. This continues to create a mismatch between supply and demand for new vehicles worldwide as demand has recovered, including in Namibia.<\/p>\n

Toyota in Namibia has a backlog of between 600 and 700 new vehicles and are struggling to source new vehicles from global factories. New vehicle prices increased between 3% and 6% during the first quarter of 2022, with additional price increases expected during the second half of 2022.<\/p>\n

BMW, on the other hand, has no order backlogs, but X1 and 2 series Gran Coupe orders have been affected because some of the components on these models are imported from Ukraine.<\/p>\n

\u201cThe impact of import delays will only affect Mercedes in the second quarter of 2022, as vehicles had already been built for the first quarter prior to the war in Ukraine. Due to rising steel prices and shipping costs, various manufacturers have increased prices between 3% and 5% during the second quarter. Parts prices have increased by up to 10% due to similar reasons,\u201d said Simonis.<\/p>\n

The analysts added that Audi has made alternative arrangements as certain engines were produced in Russia and wiring harnesses for many models were produced in Ukraine. However, restrictions on available models to order remain, with the impact on supply to Namibia being felt for four to six months on a dealer sales level.<\/p>\n

Audi had a 2% price increase across all models in the first quarter of 2022, with a larger price increase expected during the second quarter. Audi extra heavy commercial trucks saw a 5% price increase in the first quarter, and a 3% increase this month.<\/p>\n

For Ford, Namibian dealership stock allocation from global factories have been reduced by 20% during the first quarter of 2022.<\/p>\n

Ford Global distributes chips to their most lucrative markets, which lowers production for – and exports to \u2013 southern Africa.<\/p>\n

Simonis adds that Volkswagen says ordering a new car with client specific accessories can take up to a year to arrive in Namibia. Local Touareg and Tiguan vehicles have components manufactured in Ukraine, which causes delays in imports for these models.<\/p>\n

\u201cNamibian consumers can expect car prices to continue rising this year, in addition to higher costs of operating vehicles, such as higher fuel and spare parts prices. In a rising interest rate environment, we also expect slightly lower demand for car loans,\u201d Simonis added.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. THE number of vehicle units sold and the annual growth in sales had broken through the six-month moving averages during March 2022. According to a sales analysis by Simonis Storm, based on data from the National Association of Automobile Manufacturers South Africa (Naamsa), a total of 1 054 new vehicles were sold […]<\/p>\n","protected":false},"author":84,"featured_media":16911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,233],"class_list":["post-16912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nVehicle sales breach six-month average - Namibia<\/title>\n<meta name=\"description\" content=\"THE number of vehicle units sold and the annual growth in sales had broken through the six-month moving averages duri ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/vehicle-sales-breach-six-month-average\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vehicle sales breach six-month average\" \/>\n<meta property=\"og:description\" content=\"THE number of vehicle units sold and the annual growth in sales had broken through the six-month moving averages duri ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/vehicle-sales-breach-six-month-average\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-14T16:47:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-14T16:55:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/04\/postQueueImg_5-62585202dfb91.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/vehicle-sales-breach-six-month-average#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/vehicle-sales-breach-six-month-average\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Vehicle sales breach six-month average\",\"datePublished\":\"2022-04-14T16:47:24+00:00\",\"dateModified\":\"2022-04-14T16:55:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/vehicle-sales-breach-six-month-average\"},\"wordCount\":560,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/vehicle-sales-breach-six-month-average#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/04\/postQueueImg_5-62585202dfb91.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/vehicle-sales-breach-six-month-average#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/vehicle-sales-breach-six-month-average\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/vehicle-sales-breach-six-month-average\",\"name\":\"Vehicle sales breach six-month average - 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