35 YEARS OF CONSECUTIVE MARKET LEADERSHIP FOR TOYOTA

35 YEARS OF CONSECUTIVE MARKET LEADERSHIP FOR TOYOTA

ToyotaSAToyota South Africa Motors signed off an incredibly successful 2014, cementing its dominance as market leader in South Africa for the 35th consecutive year with 127,534 Toyota products finding a home during last year. This translates to a 19.8% market share in a market that showed great resilience, albeit with a slight year on year decline, totalling annual sales of 644,523 units. This is the fourth consecutive year that Toyota improves its market share. Toyota was also the number one brand in vehicle sales every month in 2014.

The year’s star performance came from the company’s evergreen Hilux which continued its dominance in the Light Commercial Vehicle (LCV) market segment, logging 37,561 units for the year; 8,829 units more than its closest competitor in the bakkie market. This makes Hilux not only the top-selling bakkie in the country, but also the top-selling vehicle overall for 2014 across all segments.

From a passenger segment perspective, Toyota has shown positive growth increasing its share in this segment to 15.5% — this is on the back of the introduction of new generation Corolla (9,893 units sold since March introduction) and the Corolla Quest (7,976 units sold since May introduction); as well as the affordable Etios which recorded exceptional sales of 17,835 units during 2014

Other top performers in the company’s stable include Fortuner, which leads sales in the Sports Utility Vehicle (SUV) segment with consistent monthly sales in the excess of 600 units and total sales for the year at 10,088 units. In similar vein, the company’s smaller all-wheel drive RAV4 performed exceptionally well with 5,012 units sold during 2014; while the Quantum clearly remains a top favourite with 14,369 units sold.

Moving onto the heavy weights Toyota’s truck brand, Hino, retained its third position overall with a total of 3,844 units sold – this follows record sales months in March (425 units sold) and August (455 units sold) and the opening of a new R55-million Hino plant in Prospecton during May. Hino’s achieved its best December sales to date with 356 units sold over the Festive period.

Says Senior Vice President Sales and Marketing at Toyota South Africa, Calvyn Hamman: “We are incredibly proud of the company’s achievements during quite a tough 2014 – to celebrate 35 years of consecutive market leadership is indeed an amazing performance and we wish to thank our customers and dealers for their faith in our brand.

“Strong customer demand through our dealer network has led to an increase of 3.2% of Toyota sales through this channel, underlining the importance of a strong dealership footprint in the country,” says Hamman.

“We enjoyed a successful December with dealers pushing hard to achieve over 10,000 units sold and Hilux performing particularly strong, reclaiming its spot as top seller in the LCV segment with 3,343 units sold,” he says. Toyota’s December sales represent 20,1% market share (10,372 units); while its contribution to the export market tallies up to 5,319 units (24.3%)

“While 2014 sales certainly proved the market’s resilience, conditions were tough with two interest rate hikes and above average price increases on new vehicles,” says Hamman, adding that economic pressures leads to cautious and conservative consumer sentiment.

“However, we are excited about the 2015 prospects and believe the good news of a hefty fuel price reduction as early as this week bodes well for a positive new year. However, we will be watching developments around changes in company car taxation and potential interest rate increases toward the latter part of the year with interest as these factors could impact domestic sales,” he concludes.

Market segment

2013 Full Year

2014 Full Year

% change

Passenger vehicles

450,296

439,179

-2.5%

Light commercial vehicles

167,996

173,790

3.4%

Medium commercial vehicles

11,584

11,021

-4.9%

Heavy commercial vehicles

4,692

4,765

1.6%

Extra Heavy commercial vehicles

8,619

9,490

10.1%

Bus

757

1,021

34.9%

Vehicle exports

276,404

276,874

0.2%

Overall local market (excluding exports)

649,216

644,216

-0.7%

MONTHLY (DECEMBER) ANALYSIS:

Market segment

Dec 2013

Dec 2014

% change

Passenger vehicles

32,853

35,924

9.3%

Light commercial vehicles

11,301

12,965

14.7%

Medium commercial vehicles

948

1,005

6%

Heavy commercial vehicles

464

436

-6%

Extra Heavy commercial vehicles

478

621

29.9%

Bus

52

99

90.4%

Vehicle exports

22,190

21,833

-1.6%

Overall local market (excluding exports)

46,482

51,461

10.7%

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