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November motor trade sales up 11%

Jan 17 2013 12:39 I-Net Bridge
Cars on an assembly line

Cars on an assembly line. (AFP)

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Johannesburg - South African motor trade sales rose by 11.1% year-on-year (y/y) in November to R43.6bn after a revised 16.9% (16.2%) y/y increase in October‚ data released by Statistics SA (Stats SA) on Thursday showed.

The highest y/y growth rates for November were recorded for fuel sales (13.5%)‚ new vehicle sales (13.4%) and convenience store sales (10.4%).

Seasonally adjusted motor trade sales decreased by 1.9% month-on-month in November 2012‚ following monthly changes of 7.5% in October 2012 and -0.2% in September 2012.

Seasonally adjusted motor trade sales increased by 4.5% in the three months ended November 2012 compared with the previous three months.


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