DAVID FURLONGER: You must be brave — or bewitched — to accurately forecast the car market

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The South African new-vehicle market has been in decline for some time — what will happen in 2023 is anyone’s guess.

Somewhere in the depths of Toyota’s vehicle assembly plant in Durban, perhaps in a secret room known only to a handful of people, sits a magic crystal ball*. It used to live in WesBank’s Joburg HQ, where, early each year, successive CEOs would use it to help predict that year’s new-vehicle market.

The crystal ball was obviously magic because, almost without exception, those predictions were eerily accurate. Eventually, however, the power waned; maybe it was staleness or simply that even magic couldn’t forecast how consumers and business would react to absurd economic policy...

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:

 /  🏆 20. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South African buyer pays R27.5m for Cape Town flat as top-end market surgesA Cape Town “lock up and go” flat has sold for R27.5m, signalling continued appetite for top-end residential property in the city.
Source: SowetanLIVE - 🏆 13. / 63 Read more »