JOHANNESBURG, South Africa – August saw no rebound in the market here, as new-vehicle sales plunged 30.3% from year-ago to 40,395 units. The dip was somewhat exaggerated by a tough comparison, as August 2007 recorded the highest volume of any month last year, the National Association of Automobile Manufacturers of South Africa points out. But there’s no denying the current slump is a severe one. August, usually one of the strongest months as a result of a cyclical boost in orders from ...
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