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A pause in the interest rate hiking cycle in July led to an increase in motor trade sales for the month. (Dean Hutton/Bloomberg via Getty Images)
AUTOMOBILE BUSINESS COUNCIL

More cars were bought in past three months compared to the same period in 2022

A pause in the interest rate hiking cycle in July led to an increase in motor trade sales for the month

  • Anathi Madubela
1 min read
Used vehicle prices soared amid supply-chain constraints, creating a boom that some experts have speculated may be about to go bust. (Chris Ratcliffe/Bloomberg via Getty Images)
AUTOMOBILE BUSINESS COUNCIL

Economic pinch deflates used car ‘bubble’

Used vehicle prices soared amid supply-chain constraints, creating a boom that some experts have speculated may be about to go bust

  • Sarah Smit
7 min read
The largest annual growth in December was recorded in new vehicle sales, up 30.7%, StatsSA said. Photo: Supplied
AUTOMOBILE BUSINESS COUNCIL

More people bought cars in December 2022 than a year before

Motor trade sales increased by 16.6% in December with the biggest contributors being new vehicle sales, fuel sales and workshop income

  • Anathi Madubela
2 min read