BMW AG says new vehicle orders are retreating from high levels as inflation and higher interest rates hit consumers, making the company the first among major carmakers to turn more cautious.
The country reeled in the face of rising fuel prices and interest rates during July, but seemingly without effect on new vehicle sales, according to Lebogang Gaoaketse, head of marketing and communications at WesBank.
Volkswagen Group South Africa has launched its new R235 million wax flooding facility at its plant in Kariega, Uitenhage.
The buzzword within the automotive industry right now is fuel, says George Mienie, the chief executive officer of AutoTrader, a vehicle market in South Africa.
The Automobile Association (AA) says the outlook for petrol prices in South Africa is positive, with the potential for another price drop in September - if current conditions persist.
Fuel tankers are a target for criminal syndicates on South Africa’s roads, as vehicle thefts and hijackings show an upward trend.
Fuel-price hikes have pushed South Africa’s petrol and diesel costs to unprecedented levels. Since there’s seemingly little respite in sight, you may be thinking of entering the world of electric cars.
Mini has revealed the Aceman concept, an electric crossover in keeping with the British brand in its quirky fun design.
A Finnish car company has revealed a solar panel covered family car with plans to change public transport.
The Tyre Importers Association of South Africa (TIASA) warns that the cost of tyres could increase by up to 41%
© 2022, Instive. All rights reserved
