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Motus, which runs one of SA's biggest car dealerships, said on Tuesday it expects its first-half profit to jump by as much as 55%, boosted by disproportionate demand for pre-owned vehicle as worldwide chip shortages dog the production of new vehicles.

Led by CEO Osman Arbee, Motus and sells new and pre-owned cars through its more 300 network of car dealerships in SA, which took a knock in the initial stages of the first hard lockdown that resulted in the drop-off in in vehicle sales before they subsequently recovered...

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