S.Africa's July new vehicle sales fall 25.9 pct y/y
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S.Africa's July new vehicle sales fall 25.9 pct y/y UPDATED 04 Aug 2009 | 09:10  
S.Africa's July new vehicle sales fall 25.9 pct y/y

JOHANNESBURG (Reuters) - South Africa total industry new vehicle sales fell by 25.9 percent year-on-year to 34,503 units in July, the National Association of Automobile Manufacturers (NAAMSA) said on Tuesday.

When stripping out sales from Associated Motor Holdings -- which reports separately -- sales fell 27.4 percent to 30,731 units, NAAMSA said.

Vehicle sales remain weak, having been in decline for more than two years, knocked by soft domestic demand, while a global downturn has slashed exports.

Exports were down 60.3 percent in July at 11,220 vehicles.

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