“The economic outlook for the country isn’t going to give the market an easy ride.”
The new Kia Seltos has made an immediate impact in the compact SUV market, taking a bite out of the market share of VW’s T-Cross. Picture: SUPPLIED
Passenger car sales were up an encouraging 7.6% to 29,665 units last month compared to February 2019, but new bakkie sales tumbled 17.7% to 11,625 units in a sector that closely reflects business confidence levels. February is traditionally the first realistic picture of the year’s outlook for sales, as January is skewed by the holiday season, says Wesbank’s Lebogang Gaoaketse, Head of Marketing and Communication.
“Simply put: if there is an opportunity for consumers to defer vehicle purchases, we expect them to do so.”
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