SOUTH AFRICA AUTO SECTOR NEEDS CREATIVITY TO SURVIVE DOWNTURN
January 1st, 2009
BY BILL CORCORAN
SALES of new vehicles made in South Africa, one of the better performing automobile markets worldwide in recent times, fell by more than 20% last year due to the global economic downturn, and the country's automakers are trying to crafting a positive response.
New vehicle sales figures soared to record-breaking levels in 2006, with units sold standing at just below 650,000 - a sales increase of around 250,000 on the figure recorded for 1997.
However, statistics recently released by the National Association of Automobile Manufacturers of South ...
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