The timing of the floods is impeccably bad. Days before they hit, the local industry was celebrating great March domestic sales figures of new cars and commercial vehicles.
. The 50,607 total was the highest monthly figure since October 2019. Two years of Covid-inflicted difficulties were finally shrinking in the rear-view mirror.
Given events of the past two years, perhaps we should not be surprised that this joy should be short-lived. Covid, of course, was the great waster. It stopped the global motor industry stone-dead. As its impact diminished, other issues came into play: war, inflation, shortages of key components, shipping crises and, of course, extreme weather.
He says the war in Ukraine has made the situation worse. The country is a significant producer of some components, while Russia is an important source of raw materials like palladium, platinum and carbon black. Robinson says price inflation caused by the conflict is likely to spread to other automotive raw materials.
As a result, Robinson says, buyers may have to wait longer for their new vehicles — not just because inventories are down but also because motor companies are rethinking the way they do business. “They are moving away from building as many as they can, then cramming them into retail outlets,” he says.
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