×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Despite all the wailing and gnashing of teeth about the pressure on consumers’ disposable income, CMH’s results suggest that while there may have been some rummaging around down the back of sofas to find a missing coin or two, it didn’t stop the person in the street from popping out to upgrade the wheels. CMH has bounced back from a tough period early in the pandemic with a cracking set of results, with new vehicle unit sales up 25% contributing to record headline earnings.

This was achieved despite all the headwinds of new waves of Covid, the civil unrest in July, interest rates and fuel prices flying, constant load-shedding and the floods in KwaZulu-Natal. These left  a dealership literally under water, closed the Toyota factory for an estimated 12 weeks and plunged Durban port into fair-to-middling chaos. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now