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New-vehicle sales are likely to grow 8% in 2022 after bouncing back strongly last year from 2020’s Covid-induced market collapse, Mikel Mabasa, CEO of Naamsa (formerly the National Association of Automobile Manufacturers of SA), said on Monday.

Despite a disappointing December, full-year 2021 sales of new cars and commercial vehicles totalled 464,122, which was 22.1% more than 2020’s 380,206. That outperformed even the most optimistic forecast at the start of 2021. As recently as midyear, Naamsa was forecasting a market of 438,000. Instead, the numbers are even ahead of its then forecast of 463,000 for 2022...

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