New car sales to jump

The strong rand, steadier prices and improved access to credit could make it easier for consumers to buy a new car in 2010 - factors that would develop a preference for new rather than second-hand vehicles in South Africa.

New car sales will also be boosted as desperate vehicle manufacturers continue to offer special deals in efforts to retain market share.

The National Association of Automobile Manufacturers forecasts that total sales of new vehicles in 2010 will be 7% higher at 423 000 units after last year's 25.9% decline.

For the full story, please visit Fin24.com.