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What is the true state of the automotive industry

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The Automotive Value Chain was already under pressure before the COVID-19 pandemic and in a study by Deloitte (Economic Impact of Covid 19 on the auto value chain - June 2020), 66% of all respondents already recorded a decline in earnings prior to the pandemic. Most dealers and dealer groups have moved their focus from profit to liquidity and this was backed up by the release of the vehicle sales numbers this week.

Michael Avery talks to Mike Mabasa – CEO of the National Association of Automobile Manufacturers, Mark Dommisse – National Chairperson of the National Automotive Dealer Association, shareholder and MD of the North Motor Group, Faisal Mkhize - managing executive of Absa Vehicle and Asset Finance and Leo Kok - CEO of Panthera Media about what the challenges are that the industry is facing.
6 Aug 2020 2AM English South Africa Business · Business News

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