Publications
Partners
This was in contrast to the decline in national new vehicle sales reported by Naamsa, which decreased by 22% from February' s 22 448 units, to 17 556 units in March.
Pretorius said that the company's used vehicle departmental profit in March was at an all-time record of R14.5 million.
"This notable profit was achieved despite the shortage of quality used cars we are currently experiencing," said Pretorius.
McCarthy Motor Holdings could have logged an even better performance, but were hampered by stock shortages, he said.
Good quality used cars were currently hard to find, mainly due to the high age of the SA vehicle population, which was an average of 11 years.
External factors like further new vehicle price increases and the fuel price could also affect prices of trade-ins. - Sapa
