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03-26-2008, 09:12 PM

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South Africa Autos Report Q1 2008 (download) (just-auto)

Automotive Franchise News - South Africa Autos Report Q1 2008 (download) (just-auto)

Rising interest rates had a crippling effect on the South African car market in 2007, with the double-digit sales growth seen in recent years wiped out due to the rising cost of borrowing, mounting household debt, rising car prices and the tightening of the credit law in June, according to BMIâ€™s latest South Africa Automotive Report.

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