DStv Channel 403 Saturday, 21 September 2024

New vehicle sales up by 14%

JOHANNESBURG - People are struggling in these tough financial times but they are still buying new cars.

New vehicle sales increased by double digits in June.

The sector saw a year-on-year increase of 14%.

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The Automotive Business Council says affordability seems to be driving new vehicle sales.

Export sales however dropped by over 12.5%.

The council says this is due to the devastating KZN floods and it's impact on vehicle production and exports.

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