2015 Domestic vehicle production projected to rise to 60 000 units

01 Feb 2016 | Admin Author

The National Automotive Manufacturers of South Africa says that “factoring the expected improvement in exports,” domestic production of motor vehicles in 2015 is expected to be close on 600 000 vehicles.

This is an improvement of about 10.7% on the approximately 542 000 units produced in 2014.

Naamsa notes that industry exports will “remain a function of the performance and direction of global markets”.

However, it adds, signs were emerging of “a modest improvement in the global economy led by a recovery in vehicle sales in the United States and continued growth in Asia.

Demand for light commercial vehicles in African markets is also expected to show above average growth and these trends are expected to support 2015 industry export sales.

Naamsa says the projected higher levels of vehicle production “are consistent with the official vision for the industry”.

Source:Metrominute