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NADA expects to see stable & positive year for automotive sector

NADA expects to see stable & positive year for automotive sector A 13.3% drop in new car sales has been recorded in February compared to the same period a year ago. Picture: 123rf.com 33 days ago CAPE TOWN - A 13.3% drop in new car sales has been recorded in February compared to the same period a year ago. According to Naamsa, the automotive business council, 37,521 new vehicles were sold last month. National Automobile Dealers’ Association (NADA) chairperson Mark Dommisse: The month of February saw new car sales for the entire industry up a very good and encouraging 3,500-odd units from the month of January, which is very positive, however, still quite down from the year before, before we went into lockdown.

Despite Covid-19 hazard, auto industry hopeful of 2021 sales recovery

Despite Covid-19 hazard, auto industry hopeful of 2021 sales recovery Search Engineering News Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the & symbol, click Advanced Search and use the search headings and/or in first paragraph options. Where. Clear Search Sponsored by From Name & Surname This year should see the South African automotive industry claw back some of the losses experienced in 2020, despite the second wave of Covid-19 raging across the globe. Market commentators believe the 2021 South African new-car market should improve on last year, and that the used-car market will be able to retain its buoyancy this year.

Motus improves its interim earnings forecast amid weak industry sales

Motus improves its interim earnings forecast amid weak industry sales By Edward West Share JOHANNESBURG - THE SHARE PRICE of Motus Holdings leapt 9.7 percent to R67.01 yesterday morning after it said headline earnings per share were expected to increase better than expected by at least 5 percent for the six months to December 31, 2020. Yesterday morning’s rise brought the share price of the biggest automotive group in the country a substantial 52.2 percent over three months. Nevertheless, the share is still trading well below the R81.66 it traded at the same time last year. The share closed the day at R69.79 on the JSE.

Series of activities mark beginning of 32nd National Road Safety Month

Series of activities mark beginning of 32nd National Road Safety Month Series of activities mark beginning of 32nd National Road Safety Month Excelsior Correspondent JAMMU, Jan 18: Series of activities were held across Union Territories of Jammu and Kashmir and Ladakh to mark the beginning of National Road Safety Month. The day witnessed inaugural functions, walkathons and awareness rallies organized by respective district administrations. JAMMU: The 32nd National Road Safety Month was today inaugurated by Transport Commissioner, J&K Pardeep Kumar, with the flagging off a Walkathon-cum-Awareness Rally, here at Gulshan Ground. Senior Superintendent of Police (SSP) Traffic Jammu, Shiv Kumar Sharma was the guest of honour on the occasion.

Imapct of COVID on auto dealerships: Smaller dealerships are here Did COVID expedite them?, Auto News, ET Auto

Imapct of COVID on auto dealerships: Smaller dealerships are here Did COVID expedite them?, Auto News, ET Auto
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