JSE-listed vehicle retailer Combined Motor Holdings is “dipping its toe” into the electric vehicle water. The group is also expecting a tough year ahead despite reporting strong financial results in the year to end-February 2023 and believes it has the strategies in place that can lessen the impact. CMH CEO Jebb McIntosh said on Thursday the group is looking at electric carrier bikes and small pickups and vans.
How Checkers Sixty60 dominates the on-demand grocery market McIntosh is pessimistic about new car sales. He said automotive business council Naamsa has forecast that the local new vehicle market will remain resilient and is anticipating a single digit increase in national sales during the 2023 calendar year. However, McIntosh believes the new vehicle market is likely to be flat “and I think we will be lucky to be flat”.
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