EFF-led protest and rate hikes hurt new car sales in March, says Naamsa
But that was partially offset by 11.1% growth in the market for light commercial vehicles, mainly bakkies and minibus taxis
03 April 2023 - 15:58
Rising interest rates and the EFF-inspired day of protest hurt new-vehicle sales in March.
The motor industry sold 50,157 cars and commercial vehicles — 0.6% fewer than the 50,465 of March 2022. Car sales took the biggest knock, tumbling 6.4% from 33,788 to 31,631...
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