The JSE closed firmer amid mixed global markets as better-than-expected US nonfarm payroll numbers contended with concerns that the Delta variant of Covid-19 poses risks to the pace of economic recovery.
The much anticipated nonfarm payrolls rose in July at the fastest pace in a year, adding 943,000 jobs according to the US Labor Department, topping consensus forecasts of 926,000 by a Reuters poll...If you have already registered or subscribed, please sign in to continue.
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Unpacking the current state of the used car market in SAAutoTrader saw a 36% increase in searches for vehicles in Q2 2021 compared with Q2 2020. However, normalising for lockdown in Q2 2020, vehicle search growth would have been 26%. This supports the notion that consumers are opting for used cars over new due to continued economic pressure.
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