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Positive signs are seen in new commercial vehicle sales, up 16.7% y/y to 635 units – particularly light commercial vehicles, up 17.7% y/y to 572 units. However, this increase is countered by a 16.5% y/y decline in new passenger vehicle sales, down to 467 units. As such, no material y/y change in new total vehicle sales is seen (-0.1%, one less unit sold compared to Feb ‘23).