dealershipS close shop

03 December 2008 - 02:00
By unknown

Car dealerships across South Africa continued to close down last month as sales went into the 18th month of the recession in the vehicle market. November new vehicle sales were at their lowest level at 34176 since December 2003 when the economy began its four-year boom period. The decline in sales was 28,3percent year-on-year, which followed a 30,1percent year-on-year plunge in October. - Zweli Mokgata

Car dealerships across South Africa continued to close down last month as sales went into the 18th month of the recession in the vehicle market. November new vehicle sales were at their lowest level at 34176 since December 2003 when the economy began its four-year boom period. The decline in sales was 28,3percent year-on-year, which followed a 30,1percent year-on-year plunge in October. - Zweli Mokgata