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Normalisation of rental market impacts new vehicle sales

South Africa’s new vehicle sales industry remained under pressure for the second month of 2018, with a total of 46 347 new vehicles sold – a year-on-year decline of 3.8%. According to the National Association of Automobile Manufacturers of South Africa, the largest sales declines in February were seen in the rental channel, where sales fell almost 30%, and government channel, where sales were down 42%.