New car sales decline in February

JOHANNESBURG - Consumers are still holding back on buying new cars.

At least that's what the latest figures from industry body NAAMSA suggest.

New vehicle sales dropped by 13-percent in February after falling by a similar margin in January compared to a year before.

READ: Vehicle manufacturers expect improvement in 2021 sales

Not only are new car sales an important economic indicator.

It also has significant job creation potential.

eNCA's Rofhiwa Madzena spoke to CEO of NAAMSA, Mike Mabasa in the video above.

Source
eNCA

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