Hyperdrive
South African Car Exports Plunge on Stricter EU Emission Rules
- Exports fell 42.6% in October to 17,324 from a year earlier
- Shipments may recover because of lower interest rates
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South African car exports almost halved, partly due to a slowdown in demand in Europe because of stricter emission rules and competition from cheaper electric vehicles from China.
Exports fell 42.6% in October to 17,324 from a year earlier, according to the automotive business council, or Naamsa, data.