JOHANNESBURG – South African new-vehicle sales dropped 17.5% in March from prior-year to 47,778 units, the National Association of Automobile Manufacturers of South Africa reports. Passenger-car deliveries were the hardest hit, falling 23.1% to 27,724 units from 36,038 year-ago. “Demand in the new-car market has weakened substantially in recent months as a result of the cumulative effect of past interest-rate increases and pressure on disposable income due to rising energy, food and fuel ...
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