South Africa covers 1.2 million square kilometers as world's 25th larger country (the 8th in Africa), with 49 million people, 28% of which living in the 5 major metropolitan areas.
The country is rapidly emerging from apartheid era thanks to wide us of abundant natural resources. An economic boom was leaved in the 2004-2007 due to internal stability and high global demand for commodities. Global financial crisis' impact on commodity prices and demand moved GDP in negative territory in 2009 (-2.0%). The recovery was immediate, with GDP growth by 2.8 and 3.4 in 2010 and 2011.
South Africa has purchase power parity GDP of $ 550 billion, the 26th globally, with a pro capite GDP of $ 11.000, still below global average. Unemployment rate at 23.9 is still the major issue and is reflected in a distribution of family income among the worst. Government is spending national budget to sustain economy, with a deficit over 5% in 2011 and a National Debt growth at 35.6% of GDP.
The light passenger vehicles market momentum continues in South Africa and April was reported up 19.4% with first four month performance positive by 5.1%. Volkswagen and Chevrolet improved share while Nissan and Land Rover had lost.
Boosting export to the others African countries by 20%, the South African automotive sector confirmed its rule as driver for the continent economic and mobility development. Domestic market in March slipped 2%, with Q1 up 1.4%.
Following a strong performance posted in the previous month, the South African light passengers' market momentum had weakened slightly during the month of February. This month Ford and Honda had performed great sales while Mercedes struggled.
2013 is predicted to be the new all-time record for the South African market and January confirmed this forecast with a 10% rose from last year. BMW outpaced Audi and Mercedes, recovering the leadership among luxury brands.
Following a series of consecutive growing months, the South African car market ended the 2012 surging 9.0% from last year and gaining the world's 23rd place, outpacing Netherlands and Belgium. December market was down 1.6% with Mercedes rushing on top of luxury segment.
The South African car market posted the 19th year-on-year increase in a row and in November grew 7.3% maintained its upward. Year-to-date sales were up 9.9%. Ford posted a great performance with share up at 7.8%, while BMW struggled.
The South African car market maintained momentum in October with sales increased by 11.0% from last year. Year-to-date October sales were up 10.2%. Bmw was growing while Mercedes had lost share.
The South African car market maintained upward momentum in August when the 16th increase in a row was posted with 53.982 sales, up 9.9% from last year. The year-to-date August sales were 397.000, up 11.3%. Toyota was at 21.8% of share.
The South African car market in July posted 51.625 sales, up 18.8% from last year, the 15th year-on-year increase in a string, following the first half 291.788 sales which were up 10.3%. The year to date sales in July were 343.413 units, up 11.5%.
The South African car industry in April posted the 12th year on year increase in a row with 40.456 units, up 10.7%. The year to date sales in April were 194.726, up 9.4% from last year. Volkswagen Polo is dominating the market with 10% of market share.
In February 2012 the light passengers sales in South Africa surged to 52.359 vehicles, 11.6% up from a year ago, extending the positive trend started in 2010. The year to date sales in February were 100.610, up 11.3% from last year.