09
Jan
CHAMWE KAIRA The confluence of positive economic indicators and the resilience of the volume passenger car segment during the last quarter of 2024 suggests a potential rebound for the new vehicle market in 2025, the Automotive Business Council has revealed in its December 2024 new vehicle sales statistics. Namibia imports a large number of cars from South Africa. The council said the South African Reserve Bank’s two interest rate cuts towards year-end, the first in four years, coupled with easing inflation, have created a more favourable economic environment. Additionally, lower fuel prices have bolstered consumer confidence and disposable income, as…