DStv Channel 403 Friday, 08 November 2024

Consumers pump brakes on new vehicle purchases

CAPE TOWN - Fewer South Africans are driving vehicles off the showroom floor.

This is according to research firm, Eighty20.

NAAMSA data shows new passenger vehicle sales have dropped by 4-point-4-percent year-on-year.

READ: High interest rate, inflation limit new vehicle sales

Eighty20 says consumers are grappling with vehicle inflation. The company's Managing Director, Andrew Fulton had a discussion with th eeNCA on this topic.

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