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.
October 2013 reported a little loss for South African car market compared with year ago. After four years of growth in the domestic market, in recent months aggregate new vehicle sales had continued to show lower growth momentum. Chevrolet shines posting a great market share increase.
Seven weeks of strike of car components firms had burnt the South African credibility as a stable production country and hit 75% of car export with huge impact on National GDP. Domestic car market was marginally touched losing only 4.4% of sales.
Three weeks of strike in the main seven automotive South African plants had only marginally hit the domestic market which was down only 1.3% In August. However, export was heavily penalized. Ford market share rose above 10%.
In July 2013, the South African light passenger's vehicles market kept the momentum growing 12.6% from last year with cumulated performance up 6.3% on 2012. The market leader, Toyota, posted a wonderful month, with share above 20%.
June 2013 confirmed a slightly positive trend for the South African car market although next month's perspectives are less favorable than in the past. Volkswagen posted a tremendous performance reducing at only 2 points of share the gap with Toyota.
In May South African car market posted a positive month again, raising 7.5% from last and moving cumulated performance 5.6% over 2012. Volkswagen Polo further reinforced its leadership among models, followed by Hilux and Utility.
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.