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Vehicle sales recovery hampered by stock shortages By BR Reporter Share THE RECOVERY of the South African new-vehicle market remains largely subdued, due to continued stock shortages, but there seems to be light at the end of the tunnel. This is according to Motus Retail and Rental chief executive Corné Venter. Venter said March saw the total reported industry sales counter stop at 44 217 vehicles, with 40 963 units attributed to dealer sales. Motus is a non-manufacturing business in the autom...

Supplied South Africas car industry has been battered by Covid-19 as cash-strapped consumers turned to used cars and demand for rentals declined, but Motus CEO Osman Arbee says cutting costs accordingly has led the group to new growth areas. Motus is South Africas exclusive importer and distributor of the Mitsubishi, Kia and Hyundai vehicle brands, and also owns Auto Pedigree dealerships. It has also felt the impact of Covid-19 in its new vehicle and its Tempest Car Hire...

Motus drives earnings growth through tough motor markets By Edward West Share CAPE TOWN - MOTUS Holdings declared an interim dividend and bolstered its balance sheet in the six months to December 31 after its diversified offering buffered it against declining trading conditions in the economy, chief executive Osman Arbee said yesterday. Headline earnings a share increased 2 percent to 526 cents while an interim dividend of 160c was declared, versus no dividend declared at the same time last yea...