Economic uncertainty is throttling demand for new cars. Combined sales of cars and commercial vehicles totalled 37,000 last month, a 0.2% increase from April 2022. Sales of commercial vehicles fared better given that bank credit approvals fell in April.
Financial Mail reports that aggregate exports show some optimism.
Business Day TV further analysed the latest vehicle sales data with David Furlonger, editor-at-large for Financial Mail.
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