JOHANNESBURG – South Africa new-vehicle sales slipped 13.8% in November to 47,707 units from 55,354 year-ago, the National Association of Automobile Manufacturers of South Africa reports. The decline was the worst monthly performance in the past two-and-a-half years. “The cumulative impact of interest-rate increases; record high levels of household debt; pressure on disposable incomes due to rising inflation and deteriorating business; and consumer sentiment contributed to the sharp ...
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