(FIN24) - The motor retail industry finds itself in a period of consolidation following three years of significant growth, says Brand Pretorius, McCarthy Motor Holdings chairperson.
Pretorius said the passenger vehicle segment was the only part of the market that showed a decline on 2006's overall performance, with a 9.7% decrease to a total of 434 633 units in 2007.
"This market segment is usually the most sensitive to any negative developments in the market such as a decline in business and consumer confidence, an increase in interest rates and the introduction of the National Credit Act in June 2007," said Pretorius
"This market segment is usually the most sensitive to any negative developments in the market such as a decline in business and consumer confidence, an increase in interest rates and the introduction of the National Credit Act in June 2007," said Pretorius
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