New-vehicle sales expected to remain weak in 2020
Exports, as has so often been the case recently, is keeping most local production lines from gathering cobwebs
01 August 2019 - 16:35
The miserable state of the new-car market will continue well into 2020, says Cyril Zhungu, Standard Bank’s head of automotive retail finance.
Figures released on Thursday by the department of trade & industry show new-car sales tumbled 8.2% in July from a year earlier, from 32,094 to 29,477. The total new-vehicle market, including commercial vehicles, fell 3.7%, from 47,856 to 46,077...
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