03 « April « 2008 « Investment Postcards from Cape Town

SA passenger vehicle sales plunge

By Prieur du Plessis, on April 3rd, 2008 posted in: South Africa

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By Kevin Lings

In March, new passenger vehicle sales (as reported by NAAMSA) declined by a very significant 23.1% y/y, compared with a decline of 14.7% y/y in February 2008. This is the worst annual decline since 1999, and a concern given the already high interest rates and cash-flow squeeze most consumers [...]

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