Auto industry’s contribution to SA economy at a glance

Here are some of the most titillating statistics:

• The auto industry is the single largest manufacturing sector of the economy with a 17,3% slice of the pie
• The industry contributes 4,3% to the country’s GDP
• The capital expenditure of the industry is R8,8 billion by OEMs and R5,7 billion by component manufacturers
• OEMs employ 30 697 people monthly
• SA’s vehicle production for 2021 stood at 499 087 units and its total sales for the same period were 464 493.
• SA ranks at nr 21 in the global vehicle production ranks.
• SA’s global vehicle production market share is 0,62%
• The total automotive export earnings for the year in question was R207,5 billion.
• 5347 new jobs were added by the industry between July 2021 and June 2022
• There are 12,96 million registered vehicles in SA