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

Motor trade sales for the three months ended July 2007 increased by 9,3% compared with the three months ended July 2006. This is lower than the 14,5% increase reported for the three months ended July 2006 compared with the three months ended July 2005.

The growth in the motor trade sales since April 2007 was partly affected by the new National Credit Act which was introduced on 1 June 2007, a tighter monetary environment, as well as difficulties in the registering of new and used vehicles following the introduction of the new eNaTIS system.

Seasonally adjusted motor trade sales for the three months ended July 2007 decreased by 2,4% compared with the three months ended April 2007.