Car sales soar

New vehicle sales in South Africa rose 14,1percent in the year to October to 57848 units, staying on track for another record this year, despite rising interest rates. But the National Association of Automobile Manufacturers said growth in new vehicle sales was expected to consolidate on the back of interest rate hikes, rises in factory gate prices and a weak rand. - Reuters

New vehicle sales in South Africa rose 14,1percent in the year to October to 57848 units, staying on track for another record this year, despite rising interest rates. But the National Association of Automobile Manufacturers said growth in new vehicle sales was expected to consolidate on the back of interest rate hikes, rises in factory gate prices and a weak rand. - Reuters

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