Namibia: New Vehicle Sales Dip in April

NEW vehicle sales dropped in April, Simonis Storm Securities (SSS) said on Friday.

"Figures for April indicate the first dip in vehicle sales' upward momentum, but numbers remain well above the 12 month trailing average. The 10,9% drop in sales month on month was a result of a drop in sales of passenger and light commercial vehicles. Annualised growth figures remain positive at 34,6%," SSS said in a report.

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