New car sales figures waning

Business Report says the latest increase in new car sales represented the lowest year-on-year improvement in the past 19 months.

Nico Vermeulen, executive director of NAAMSA says that there was strong demand for new vehicles from car rental companies, which accounted for about 20% of sales, but this appeared to be waning.

Economists polled in the Business Report article indicated that analysts viewed the sustained rise in sales as positive for the automotive sector.

Read the full story in Business Report.
View the August sales figures from NAAMSA.