Despite this, the latest deterioration is not as bad as April’s 98.4% and May’s 68% fall
Despite an improvement on the previous two months, new-vehicle sales still suffered a hefty drop in June, as the country faced economic ruin due to the coronavirus pandemic, and its associated lockdown.
It was the first full month of sales, albeit under stringent retail conditions at dealerships, since February. However, with the economy in free fall and both business and consumer confidence at lows not seen for years, the vehicle market was always going to struggle.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
June the last month for UIF payoutsThis is because the payments were intended as a stop-gap measure for a period of three months or until such time that lockdown restrictions were eased and the economy slowly re-opened.
Read more »
Market data — June 29 2020Market data including bonds, unit trusts and fuel prices
Read more »
ANC fails to pay employees their June salaries - againEmployees of the ANC are again facing uncertainty about their finances after the party failed to pay their June salaries.
Read more »
TRENDING: South Africa’s 24-hour trend report – 29 June 2020This is a summary of the trending, highest impact, and most active themes and their narratives related to social cohesion and division in South African public-domain social media conversations on 29 June 2020.
Read more »
Brave Matters | Children’s Health | 29 June 2020Amidst a global pandemic and the reopening of schools, TheNicoleCapper takes a look at how we can protect our little ones and boost their immune systems this winter season? BraveMatters Watch it here: | Sponsored by AdcockIngram
Read more »
LIVE FEED: State capture inquiry - June 30, 2020Former Prasa board chairperson Popo Molefe will continue giving evidence related to corruption allegations he witnessed at the state-owned enterprise.
Read more »