JOHANNESBURG – South African new-vehicle sales fell 23.4% in May to 39,533 units from 51,628 year-ago, the National Association of Automobile Manufacturers of South Africa reports. Passenger-car deliveries dropped 28.1% to 22,647 units from 31,497 in like-2007. The industry continued to be adversely affected by rising interest rates, price hikes and public holidays. “The South African new-car market has been under severe pressure for some time now, and trading conditions worsened ...

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