Economy puts brake on car sales
By TMG Editor - 02 July 2014
NEW vehicle sales slipped for the sixth consecutive month last month as the tough economic environment cut into consumer spending.
Sales of new vehicles dropped by 2.3% to 52837 units compared with the same period a year earlier‚ the National Association of Automobile Manufacturers of South Africa said yesterday.
The new passenger car market remained under pressure‚ dropping 5.4% to 35355 units‚ while exports slipped 0.8% to 24024 units.
The domestic sales of new light commercial vehicles‚ bakkies and minibuses lifted by 4.5% compared with the corresponding month last year. – Herald Reporter
