Absa on vehicle sales

http://www.absa.co.za/Absacoza/Individual/Borrowing/Finance-your-Car| This video is an extract from the program News Leader. In it Wessel Steffens, Head of Vehicle and Commercial Asset Finance at Absa, discusses why vehicles sales in South Africa have shown an increase year on year. He then moves on to the miraculous recovery of South Africa’s vehicle export market and highlights how low interest rates from vehicle finance institutions are an effort to drive sales in these tough economic times. He also gives insight on how the new and used car markets influence each other. The video ends with Steffens making his predictions about the vehicle sector for the remainder of the year.