Although South African’s are experiencing lower inflation, car sales remain stagnant. Buying activity in the car sector is more amongst the used cars market as the used-to-new vehicle ratio increased to 2.16 in the second quarter of 2019. Joining CNBC Africa to unpack these numbers is Kriben Reddy, Head of Auto Information Solutions.
SA’s new car sales hit a major speed bump in tough environment
PUBLISHED: Tue, 30 Jul 2019 10:50:23 GMT