September saw new vehicle sales continue declining, according to the latest sales data from the National Association of Automobile Manufacturers of South Africa (Naamsa). Only 47 399 new vehicles were sold in the past month, representing a decrease of 14.3% compared to the same period in 2015. Year-to-date, total industry sales have fallen 11.3% – close to WesBank's forecast that the market would shrink 12% in 2016. Despite September being the end of the quarter, which usually sees attractive … [Read more...] about New Vehicle Sales Still Declining

