Yes, times are tough and the bigger economic picture influences every buying decision we make.

Wesbank reported a decline of 14.2% in the sales of new vehicles during May 2024.

“While the politics will play out during June, the new vehicle market will hopefully be able to display more positivity during the second half of the year,” says Lebo Gaoaketse, head of marketing and communication at WesBank. “The May sales hiatus shouldn’t have been unexpected, albeit a continued display of depression for the new vehicle market.”

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