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May sales jump a pleasant surprise, but odds may be stacked against further growth

There was a general expectation in the automotive industry that new-vehicle sales would slow in May as many consumers turned their attention to investing in solar panels and inverters, instead of new cars, while businesses had to contend with increased loadshedding, as well as a tenth consecutive hike in the interest rate. However, the market returned stronger than expected sales during the month, keeping the year-to-date sales total of 218 869 units at 3% above the figure for the first five months of last year.  ....

Gary Mccraw , National Automobile Dealer Association Nada , National Automobile Dealer Association ,