Finweek - English

Driving through Covid

car ownership for South Africans often is as much a status symbol as it is about getting from A to B. But Covid-19 has had a profound impact on their car choices.

For many, who have either lost their jobs or had to endure salary cuts, it has been a race to sell their expensive vehicles and downgrade to a cheaper model. For others, it’s been a case of downsizing from a two-car household to a one-car household.

Financial sustainability and uncertainty have dented new

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