South Africa: Vehicle sales growth slows to four-year low

Africans at Work. PHOTO/Volkswagen South Africa

(Bloomberg Businessweek)- South African vehicle sales growth will probably ease to the slowest pace since a 2009 recession this year because of a weaker economy, the National Association of Automobile Manufacturers of South Africa (NAAMSA) said.

Sales will rise 4.5 percent to 652,000 this year, slower than the 9 percent expansion in 2012, before accelerating to 7.6 percent next year, the group said in a report today.

Manufacturers are

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