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

Motor trade sales for the three months ended August 2007 increased by 6,9% compared with the three months ended August 2006. This is lower than the 14,7% increase reported for the three months ended August 2006 compared with the three months ended August 2005.

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

Seasonally adjusted motor trade sales for the three months ended August 2007 decreased by 2,9% compared with the three months ended May 2007.