Covid-19 taking heavy toll on retail market, dealerships, says NADA

The Covid-19 pandemic has seen six amalgamations between dealerships from April 1 to September 30, as well as the sale of 19 dealerships and the closure of 38 dealerships among the members of the National Automobile Dealers’ Association (NADA), the association’s national director Gary McGraw tells Engineering News Online. According to statistics from the Motor Industry Bargaining Council (Mibco), 16 183 jobs were lost in the total South African auto retail aftermarket from March 1 to September 30 – not just dealerships, he adds.

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