Year-on-year new-car sales kept on declining last month although total vehicle sales were up, the National Association of Automobile Manufacturers of South Africa (Naamsa) said on Monday.
Naamsa said 36 041 cars were sold in March -- compared to 37 496 in the same month last year. This represented a decline of 3,9% or 1 455 units.
Naamsa director Nico Vermeulen blamed interest-rate hikes, recent price increases and personal debt levels.
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