Key findings: P6343.2 - Motor trade sales, June 2007

Motor trade sales for the second quarter of 2007 increased by 10,6% compared with the second quarter of 2006. This is lower than the 11,6% increase reported for the second quarter of 2006 compared with the second quarter of 2005.

The growth in the motor trade sales for the second quarter of 2007 was partly affected by the introduction of the new National Credit Act that was introduced on 1 June 2007, as well as difficulty in registering of new and used vehicles, as a result of the faulty eNaTIS system.

Seasonally adjusted motor trade sales for the second quarter of 2007 decreased by 2,6% compared with the first quarter of 2007.