Desperate to rev up declining sales, dealers in new cars are offering discounts and incentives on an unprecedented scale, and financial institutions are offering finance periods up to 84 months.
Announcing the third quarter South African Vehicle Pricing Index (VPI) this week, TransUnion Africa CEO Lee Naik said consumer confidence and spending remain low due to rising inflation, increased fuel prices and currency volatility, resulting in a decrease of more than 8.4% in the sale of financed vehicles compared with the same period last year. ..
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