New-vehicle sales take a hard knock from Covid-19 pandemic
Domestic new-car sales for March were down 26.8% — but the worst is yet to come
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%...