Motus talks down Chinese car frenzy
CEO of vehicle importer suggests some brands might exit has quickly as they entered
08 September 2024 - 06:39
Chinese car brands are making spectacular inroads into the South African market, but automotive group Motus Holdings — a major importer of Korean and Japanese vehicles — says the newcomers might be a flash in the pan.
“What no-one knows, including us, is how many of these brands will be here in five years’ or three years’ time?” said Motus CEO Osman Arbee. “Because it’s nice to come into a country, but they can leave at the same time, as quickly as well.”..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.