Toyota paints bleak picture of SA market in 2024
Annual sales of new vehicles unlikely to grow by more than 1.5% thanks to grim economic conditions, says SA CEO Andrew Kirby
25 January 2024 - 18:43
SA’s motor industry is in for another tough year, with the local new-vehicle market likely to grow by no more than 1.5%, according to Toyota SA Motors CEO Andrew Kirby.
The situation could improve if the country is somehow able to conjure an improved economic outlook, including lower interest rates and a solution to load-shedding, but with a looming general election adding to the uncertainty, that is unlikely, he said...
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