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Growing demand for used cars slows new vehicle sales

The new vehicle industry’s sales performance continued on its downward trajectory in August, according to the latest data from the National Association of Automobile Manufacturers of South Africa. Industry achieved sales of 46, 146 vehicles last month, a year-on-year decline of 9,5%. Passenger sales remained weak, with a 13,1% decline, while light commercial vehicle (LCV) sales remained resilient with sales down only 1%.

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