JOHANNESBURG – South African new-vehicle sales dropped 21.9% in June to 39,064 units from 50,020 year-ago, the National Association of Automobile Manufacturers of South Africa reports. New-vehicle deliveries are expected to remain under pressure for the remainder of the year as a result of interest-rate hikes, inflation, high levels of consumer debt and an overall slowdown in the economy, NAAMSA says. “While it is difficult to forecast the extent and duration of the ongoing contraction ...
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