Thomas McLachlan
Thomas McLachlan
This year promises to favour vehicle buyers over the industry, mainly because of decreased demand, fierce competition and a wider variety to choose from, said industry experts.
New car sales growth is expected to slow down this year after several interest rate hikes last year. McCarthy Motor Holdings chairman Brand Pretorius said that the industry's oversupply would result in tough competition as manufacturers and importers fight for market share.
But Pretorius said that the black middle class would continue to support car sales.
A good year to buy a car, say experts
Thomas McLachlan
Thomas McLachlan
This year promises to favour vehicle buyers over the industry, mainly because of decreased demand, fierce competition and a wider variety to choose from, said industry experts.
New car sales growth is expected to slow down this year after several interest rate hikes last year. McCarthy Motor Holdings chairman Brand Pretorius said that the industry's oversupply would result in tough competition as manufacturers and importers fight for market share.
But Pretorius said that the black middle class would continue to support car sales.
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