New car sales down by 20.6% year-on-year

We experienced a major drop in new-car loan applications.

Simphiwe Nghona, WesBank

We decline between 50% and 60% of applications.

Simphiwe Nghona, WesBank

We foresee this deterioration to continue in 2017.

Simphiwe Nghona, WesBank

New cars sales plunged by 20.6% year-on-year in July.

The Money Show’s Bruce Whitfield interviewed Simphiwe Nghona, CEO of Motor Division at WesBank.

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Article brought to us by Old Mutual.


This article first appeared on 702 : New car sales down by 20.6% year-on-year


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