CAR SALES RE­BOUND

Finweek English Edition - - Economictrends -

NEW PAS­SEN­GER ve­hi­cle sales, as re­ported by the Na­tional As­so­ci­a­tion of Au­to­mo­bile Man­u­fac­tur­ers of SA, in­creased by an im­pres­sive 28% year-on-year in April this year. This fol­lowed deep de­clines last year, and econ­o­mists – though glad about the re­bound – point out it came off a very low base. For 2009 as a whole, pas­sen­ger ve­hi­cle sales de­clined by 23% – the worst in decades.

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