Demand for second hand cars lifts Motus half-year profit
New vehicle sales continue to recover despite global supply-chain bottlenecks
25 January 2022 - 09:48
UPDATED 25 January 2022 - 15:46
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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