JOHANNESBURG – The South African automotive sector is set to achieve a new record, with total deliveries this year projected at more than 650,000 units, according to the National Association of Automobile Manufacturers of South Africa. However, recent interest rate hikes are expected to slow demand as the industry heads into the new year. Total new-vehicle sales reached 541,982 vehicles in the first 10 months of 2006, up 15.6% from the same period year-ago. “The exceptional local sales ...
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