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The local motor vehicle industry expects a dip in sales of new units this year, sustaining the decline for the second year in a row on the back of reduced spending by companies and Government.
It projects the number of new vehicles sold by end of this year to drop to 10,927 units, a 20 per cent decline compared to 13,535 in 2016. This is nearly half of those sold in 2015 when the industry moved 19,523 units.
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