Companies / South Africa
South African Spring Growth
June 2006 | Market Trend AnalysisSouth African demand for new cars and commercial vehicles remained strong in May, with vehicle sales rising 14.5% y-o-y to 52,534 units. Sales in May were 15.2% up on April.National Association of Automobile Manufacturers of South Africa (NAAMSA) said that a favourable economic environment, strong business and consumer confidence, growing real disposable income, and low interest rates continued to substantially enhance new vehicle affordability, it noted, according to the
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