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Volkswagen agrees with BMW that increasing import duties on cars will only create more problems for the local vehicle industry.
Peter van Binsbergen, uitvoerende hoof van BMW Suid-Afrika, gesels oor die impak van Chinese en Indiese motors op die Suid-Afrikaanse bedryf, en wat die regering se planne om hoër invoertariewe op Chinese motorinvoere te plaas, kan beteken.
BMW Group South Africa CEO Peter van Binsbergen says cheap imports could be damaging the used-car market.
Henry Botha – Executive: Strategy & Product, Absa Vehicle and Asset Finance
I don’t think manufacturers are making bad cars at the moment. We are in a relatively good position as consumers because manufacturers have flooded the compact and mid-sized SUV market, allowing us to assess which vehicle best suits our budgets. This, however, is also what makes it a very difficult space for some manufacturers to…
‘There’s a great appetite in the second-hand market for these vehicles; they sell quickly – people love buying them new, and they love buying them in the second-hand space’: CEO Faan van der Walt.
The entry-level model undercuts the most affordable Toyota Hilux double-cab by roughly R130,000.
Toyota South Africa CEO Andrew Kirby has called for revising taxes on locally made vehicles to reduce prices and enable carmakers to better compete with cheaper Chinese contenders.