South African new vehicle sales rose 12.7% in April to 45,635 units, maintaining impressive growth despite numerous public holidays during the month, an industry body told Reuters.
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“Demand for new cars and commercial vehicles remained fundamentally strong,” the National Association of Automobile Manufacturers of South Africa (NAAMSA) said in a statement.
A favourable economic environment, strong business and consumer confidence, growing real disposable income, and low interest rates continued to substantially enhance new vehicle affordability, it noted, according to the report.
