The automotive value chain was already under pressure before the Covid-19 pandemic; in a study by Deloitte , 66% of respondents recorded a decline in earnings prior to the pandemic.
Most dealers and dealer groups have moved their focus from profit to liquidity and this was backed up by the release of the vehicle sales numbers this week. Michael Avery talks to Mike Mabasa, CEO of the National Association of Automobile Manufacturers of SA; Mark Dommisse, national chair of the National Automobile Dealers’ Association, and shareholder and MD of the North Motor Group; Faisal Mkhize, managing executive of Absa vehicle and asset finance; and Leo Kok, CEO of Panthera Media,
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: