If you think new-vehicle sales were bad in March, wait until you see the numbers for April, says Cyril Zhungu, head of automotive retail finance at Standard Bank. “It could be a disaster.”

Industry figures published on Wednesday show local and export sales of new vehicles came a real cropper in March. Local sales fell by 29.7% from a year earlier, and exports by 21.5%...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now