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South Africa’s Vehicle Pricing Index for the last quarter of 2019 has revealed that South Africa’s car market remains depressed and is likely to stay this way for the foreseeable future. Joining CNBC Africa to unpack more of the report and South Africa’s car market is Kriben Reddy, Head of Auto Information Solutions at TransUnion Africa and Ghana Msibi, CEO of Wesbank Motor Division.</p>


SA’s car market stuck in reverse gear as economy falters

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<p>Although South African’s are experiencing lower inflation, car sales remain stagnant. Buying activity in the car sector is more amongst the used cars market as the used-to-new vehicle ratio increased to 2.16 in the second quarter of 2019. Joining CNBC Africa to unpack these numbers is Kriben Reddy, Head of Auto Information Solutions.</p>


SA’s new car sales hit a major speed bump in tough environment

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<p>According to the TransUnion report car sales have dropped especially since consumers are relying less on credit or loans. The weakening rand and high interest rates on loans are a contributing factor to low car sales this year. Head of TransUnion Auto South Africa, Kriben Reddy joins CNBC Africa for more.</p>


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kriben reddy

SA’s car market stuck in reverse gear as economy falters

SA’s new car sales hit a major speed bump in tough environment

Vehicle prices below inflation for 5th consecutive quarter

News Tips

Advertise With Us

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