While the latest indicators for the second quarter (Q2) of the year suggest an uptick in the local car market, the combined effects of the third-wave Covid-19 lockdown and the civil unrest witnessed in Gauteng and KwaZulu-Natal in July, could take a heavy toll on the South African automotive industry in coming months, with potential knock-on effects for the economy, warns TransUnion. “Where 2020’s Level 5 lockdown created a demand issue in the market, the combination of the 2021 Level 4 lockdown and civil unrest have created both demand and supply issues, with motor manufacturers suspending operations and supply chains coming to a halt,” says TransUnion Africa auto information solutions VP Kriben Reddy.
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