New car sales outlook is bleak, warns Motus
The automotive group says there is a risk that new car sales in SA will fall in the next two to three years
26 February 2020 - 09:38
Automotive group Motus, which imports and sells cars, warned on Wednesday it was cautious about its outlook for the medium term, as depressed consumer confidence in SA and the coronavirus outbreak threaten new vehicle sales.
Both new car sales and industry margins in SA could fall in the next two to three years, the group said, as consumers continue to delay purchases, trade down to cheaper vehicle models and place pressure on the quality of the pre-owned vehicle supply...
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