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Rand weakness to hit outlook for new car sales - CMH

2015-10-22 08:27:58| Auto Dealers - Topix.net

Despite attempts by manufacturers to "stall the inevitable", rand weakness should lead to further vehicle price increases, Combined Motor Holdings chief executive Jeb McIntosh warned yesterday. McIntosh said these increases, potential interest rate hikes and tightening of the bank's lending criteria would all contribute to a deteriorating outlook for new vehicle sales.

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