Economic uncertainty puts brakes on new-car sales
With two rate rises in 2023, perhaps another in May, market expected to remain ‘reserved’ for most of year
02 May 2023 - 20:20
Economic uncertainty is “throttling” demand for new cars, WesBank marketing head Lebo Gaoaketse said on Tuesday.
Though credit applications were rising, consumers were unwilling to take the next step and actually commit to a purchase. ..
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