South African new vehicle sales fell 18,1% in September compared with the same month last year, and were likely to stay under pressure through to the end of the year, partly because of high interest rates.
The National Association of Automobile Manufacturers (Naamsa) said on Thursday new vehicle sales were down at 40 955 units from 49 996 in September 2007. The September 2007 figure was depressed by a strike in the automotive component sector that affected production and sales.
Including sales from Associated Motor Holdings, whose data is presented separately as it does not fulfil all of Naamsa's reporting requirements, total sales fell to 44 725 vehicles in September from 55 645 last year.
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