New-vehicle sales will show double-digit growth this year off last year’s unforeseen low base, but will also continue to show a decline in real economic terms, says vehicle and asset finance provider WesBank. WesBank CEO Chris de Kock says two considerations need to be taken into account when understanding what the new-vehicle market may do this year – firstly, what sales are expected to do compared with 2020, which will provide a skewed representation of market activity, and, secondly, how the market will effectively perform in a normalised economic outlook, which will provide a more accurate depiction of activity.
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