New vehicle sales down almost 10% year-on-year in April

New vehicle sales fell to 40 390 in April from 47 631 in March.

This is down 9.2% compared to April 2015.

Combined sale for the first four months of 2016 are down 9.7% compared to 2015.

The Money Show’s Bruce Whitfield interviewed Chris de Kock, Chief Executive Officer of Wesbank.

Scroll down for quotes from the audio below.

It was last this tough in 2007/2008.

Chris de Kock, Chief Executive Officer of Wesbank

There has been a sharp shift to the used-car market.

Chris de Kock, Chief Executive Officer of Wesbank

We’re happy financing both new and used cars.

Chris de Kock, Chief Executive Officer of Wesbank

Uber is not yet having an impact on car sales.

Chris de Kock, Chief Executive Officer of Wesbank

Car sharing is becoming a popular alternative in developed countries.

Chris de Kock, Chief Executive Officer of Wesbank

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by NEWSROOM AI
Read More
SA braces for horrific fuel price increases as oil hits 4-year high

SA braces for horrific fuel price increases as oil hits 4-year high

It's monstrous! The Money Show’s Bruce Whitfield interviews the Automobile Association of South Africa's Layton Beard.

Gigaba throws SA tourism a lifeline, backtracks on foreign minor travel rules

Gigaba throws SA tourism a lifeline, backtracks on foreign minor travel rules

The Money Show’s Bruce Whitfield interviews Lee-Anne Bac, Director at Grant Thornton.

How to get rich by investing in smoking hot US and Canadian dagga shares

How to get rich by investing in smoking hot US and Canadian dagga shares

Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.

Hits from the bong (it’s legal!)… then off to work I go?

Hits from the bong (it’s legal!)… then off to work I go?

The consequences of consuming dagga at home and showing up at the office high. Bruce Whitfield interviews a labour lawyer.

Solutionist Thinking: In Conversation with FirstRand's founders

Solutionist Thinking: In Conversation with FirstRand's founders

In the bonus episode of Solutionist Thinking with RMB, Bruce Whitfield speaks the founders of FirstRand, GT Ferreira, Laurie Dippenaar and Paul Harris.

'Interest rates may rise 100 basis points in 2016 (and another 50 in 2017)'

'Interest rates may rise 100 basis points in 2016 (and another 50 in 2017)'

Ashburton Investments Strategist Mark Appleton does a roundup of the 2016 World Economic Forum and SA's economic prospects.

Popular articles
New visa rules a relief for our economy and for jobs, says WC MEC

New visa rules a relief for our economy and for jobs, says WC MEC

The Western Cape government and SA Tourism have welcomed the amendments to South Africa's visa regulations.

New visa amendments to ease travel arrangements for foreign nationals with kids

New visa amendments to ease travel arrangements for foreign nationals with kids

Home affairs Acting Director General at Dept of Home Affairs Thulani Mavuso explains the new visa amendments.

'She says I'm just waiting for this c**lie to move so I can take the photo'

'She says I'm just waiting for this c**lie to move so I can take the photo'

A caller on the Eusebius McKaiser Show, Zeenat says she was called a derogatory word for Indian on Heritage Day.

'This leaked document is calling a spade a spade'

'This leaked document is calling a spade a spade'

Breakfast Show Host Bongani Bngwa shares his views on the leaked report from the Thabo Mbeki Foundation.

[WATCH] Vietnam's The Bachelor uproar as female contestants run away together

[WATCH] Vietnam's The Bachelor uproar as female contestants run away together

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

SAHRC Vaal River crisis inquiry begins on Monday

SAHRC Vaal River crisis inquiry begins on Monday

As a response to residents' concerns, The Human Rights Commission is set to begin their inquiry into the Vaal River.