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
The largest annual growth in December was recorded in new vehicle sales, up 30.7%, The Automobile Business Council of year-on-year growth during December 2022, with aggregate industry new vehicle sales at 41 783 units recording an increase of 16.2% compared to the same month the previous year.
The department of mineral resources and energy hiked both grades of petrol by 59 cents a litre for December, withFor the whole of 2022, motor trade sales climbed 18.8% compared with 2021, with the main contributors being fuel sales , new vehicle sales and used vehicle sales The vehicle market will likely remain relatively buoyant in the first half of 2023 as pent-up demand is slowly met and dealers work through long waiting lists, economists at“The ongoing recovery in the travel, tourism and hospitality industries should continue to buoy the rental market.
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