SOUTH AFRICA: New vehicle sales down 11.2% in November
Figures released by the National Association of Automobile Manufacturers of South Africa (NAAMSA) and produced in association with Response Group Trendline show that new vehicle sales in November reached 28,424 units, 11.2% down on the same month last year. However, NAAMSA said that the drop was largely expected, as year-ago sales were boosted by pre-emptive buying, in anticipation of price increases resulting from rand currency depreciation.
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