Surge in new vehicle sales

THE National Association of Automobile Manufacturers (Naamsa) said yesterday new vehicle sales increased by 35,3% to 39176 units in May compared with the same month last year.

THE National Association of Automobile Manufacturers (Naamsa) said yesterday new vehicle sales increased by 35,3% to 39176 units in May compared with the same month last year.

The surge in new vehicle sales was a sign that consumer demand was responding positively to interest rate cuts that were aimed at helping the economy. - Reuters

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