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Combined Motor Holdings (CMH) says sales of its new-passenger and light-commercial vehicles have declined as cash-strapped customers seek lower-priced models.

The decrease in CMH’s vehicle sales reflects an industry-wide trend. Earlier in October, the National Association of Automobile Manufacturers of SA (Naamsa), the body representing the country’s vehicle manufacturers, reported a 0.9% drop in year-on-year new-vehicle sales.                   ..

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