Lockdown destroys new vehicle sales in April
However, there will be some recovery in May as local vehicle makers and motor dealers return to work
To no-one’s surprise, the bottom fell out of the new-vehicle market in April. Local sales collapsed 98.4% and exports 97.3% as Covid-19 lockdowns and economic distress destroyed demand, in SA as in the rest of the world.
There will be some recovery in May: local vehicle manufacturers and motor dealers returned to work on Monday, but no-one expects miracles...