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2018/02/01

Despite consumer demand, rental fleet sales hold back new car market

South Africa’s new vehicle industry had a less-than-ideal start to the year, with an 8.9% year-on-year decline in new vehicle sales. A total of 45 888 new vehicles were sold in January 2018, compared with 50 386 units in the same period last year. However, this decline in sales attributed almost entirely to a large, 33.5% drop in sales in the rental market.