INDUSTRY NEWS
Association puts its faith in exports while company celebrates breakthrough
FAW says it is registering strong sales growth in the 8-ton segment
The National Association of Automobile Manufacturers of SA’s corresponding month comparisons (September 2015 to September 2016) figures reinforced the vehicle industry’s continued contraction over recent months, including a slight drop in export sales. Despite the tough sales environment, the association still holds fast to the outlook of improved new vehicle exports up to year end. One key economic indicator providing some basis for optimism was the South African purchasing managers’ index, which recorded an impressive rise of 3.2points to a total of 49.5, just below the key benchmark of 50. Other major international purchasing managers’ indices also registered welcome improvement. FAW Vehicle Manufacturers SA says it has reason to be quite positive with the recent results as its eight-tonner, the 15.180, breached the 25% growth threshold, with 186 units sold last year compared with 233 units this year — a rise of 25.3%.
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