The South African automotive industry faces a challenging 2021, with new-vehicle prices continuing to climb well above the inflation rate in a market already severely constrained by the financial effects of the Covid-19 pandemic. This is according to the latest TransUnion South Africa Vehicle Pricing Index (VPI), which shows that vehicle prices rose above the inflation rate for the third successive quarter in the fourth quarter (Q4) last year, at a time when consumers are financially constrained and many car dealers are battling to stay in business.
from Engineering News | Home https://ift.tt/2ZdrtDv
