JOHANNESBURG Aug 2 (Reuters) – South Africa’s total new car
sales increased by 18.3 percent year-on-year to 54,067 units in
July, the National Association of Automobile Manufacturers
(NAAMSA) reported on Thursday.
The daily selling rate hit a fresh five-year high and
exports rose 11.6 percent in the month.
NAAMSA said the industry remains on track for projected
growth of 10 percent, adding a recent central bank interest rate
cut would also help underpin sales.
(Reporting by Xola Potelwa; Editing by Jon Herskovitz)
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