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PROGNOSIS * South Africa
* 2012 to see car sales plummet, but heavy-truck boom possible
Houghton,Johannesburg,SA -Engineering News, by Irma Venter -2 February 2012: -- New vehicle sales in South Africa could end the year at around 495 000 units, said Econometrix director Tony Twine on Thursday... This rather dismal figure would be a massive drop from the 572 400 units sold last year, with passenger cars expected to be responsible for around 50 000 units of the almost 80 000 unit decline in Twine’s 2012 forecast... Unless the European economy implodes, it was likely that interest rates would rise rather than fall during 2012, with hikes likely in the second half of the year... Lower interest rates normally stimulate vehicle buying...
Labels: market prognosis
posted by Unknown @ 3:52 PM
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