Fin24

Imperial climbs on auto sales data

2012-07-03 13:54

Johannesburg - Imperial Holdings [JSE:IPL], which runs South Africa’s biggest car showroom network, tops the gainers list on the blue-chip index in afternoon trade after data showed a 1% rise in June, new auto sales nationwide.

Imperial, which also runs logistics and car rental businesses, is up 2.85% at R176.38, on course for a record close.

South Africa’s total new car sales increased by 15.6% year-on-year to 51 891 units in June, the National Association of Automobile Manufacturers said on Tuesday.