Vehicle production, exports hard-hit by KZN floods
The KwaZulu-Natal floods, along with the associated disruption in the movement of automotive components and vehicles through the Durban port, as well as the ongoing global semiconductor shortage, all took a significant toll on South Africa’s second-quarter new-vehicle export and production numbers.
The April floods shut down Toyota South Africa Motors’ (TSAM’s) plant in Durban until its full reopening in August.
The Japanese carmaker is the market leader in South Africa, with about one in every four vehicles sold domestically a Toyota. TSAM is also a significant exporter.
According to Naamsa | The Automotive Business Council’s newest business review, South African vehicle production dropped by 17% in the second quarter of this year, compared with the same period last year.
Light-commercial vehicle (LCV) production was especially hard-hit, as Toyota also had to halt production of South Africa’s best-selling vehicle, the Hilux bakkie, at its Prospecton plant.
This saw overall domestic LCV production drop by 37.3%, to 41 109 units, in the second quarter of this year, compared with the same quarter last year.
Naamsa also notes that overall second-quarter new-vehicle exports from South Africa dropped by 15.3% (77 340 units), compared with the corresponding quarter last year (91 349 units).
This was again attributed to the KwaZulu-Natal floods, as well as “the ongoing repercussions” of Russia’s invasion of Ukraine, hampering export volumes to key markets such as Europe.
Some good news is that second-quarter new-vehicle sales increased by 4.7%. However, this number was down 13.8% on the first quarter of this year.
New-energy vehicle sales also declined by 47.3%, from 1 401 units in the first quarter, to 738 units in the second quarter.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation