South Africa New Vehicle Sales Fall In November

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New vehicle sales in South Africa dropped 12.1% year-on-year to 30,019 in November, the National Association of Automobile Manufacturers of South Africa reported on Wednesday. Factoring in aggregate vehicle sales reported by the AMH / AAD Group, the year-on-year decline amounted to 6.3%. New car sales decreased 3.9% annually to 19,317.

"The latest sales figures reinforced the view that the industry was slowly emerging from the extremely severe recession in the domestic automotive market which had started in mid-2006," the NAAMSA said in a statement. "Any further improvement in the months ahead was likely to be uneven and hesitant off an extremely depressed base."

Of the total NAAMSA reported industry sales in November, 76.3% represented dealer / retail sales, 11.8% of the sales were to the car rental industry and 6.7% of the sales were to the government.

New vehicle sales in South Africa dropped 12.1% year-on-year to 30,019 in November, the National Association of Automobile Manufacturers of South Africa reported on Wednesday. Factoring in aggregate vehicle sales reported by the AMH / AAD Group, the year-on-year decline amounted to 6.3%. New car sales decreased 3.9% annually to 19,317. (Market News Provided by RTTNews)