Economic pressures take a toll on new vehicle sales in August

SOUTH AFRICA, Johannesburg, 01 September 2023: The South African new vehicle market has demonstrated its resilience in the face of ongoing economic downturns for several months. However, in August, it could no longer withstand the pressure from increasing interest...

NEW VEHICLE SALES STRAINED BY SARB INTEREST

CITY OF TSHWANE: Monday, April 03, 2023: naamsa | The Automotive Business Council said that the South African Reserve Bank [SARB] interest rates increase by 50-basis point to 7,75% repo rate and prime lending rate at 11,25% is already having an impact on a shrinking...