May 15, 2024 | Economy

South Africa’s Auto Market Shifts Gears: Economic Hurdles Drive Down Sales, but Hope Revs Up with Innovative Solutions

Facing economic headwinds, South Africa’s auto market grapples with declining sales due to inflation and fuel costs. Consumers pivot to older, cheaper vehicles and alternative financing. Manufacturers offer discounts, signalling hope for recovery. Embracing innovation and financial inclusion become crucial for sustained growth in this challenging climate

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Article sourced from TransUnion