Vehicle sales and buying a new vehicle

Comments on the NAAMSA January vehicle sales report

“New car sales continued on a downward trend declining by 6.9% year on year. This was slightly offset by the car rental industry making a strong 24.6% contribution. Current pressure on the new passenger vehicles will continue in the short to medium term”.   General Comments on January 2016 NAAMSA sales: The month of January…

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Wesbank expects rate hike to have significant impact on budgets of consumers

29 January 2016 – WesBank has noted the Reserve Bank’s decision to hike the interest by 50 basis points, bringing the effective repo rate to 6.75%. The prime lending rate will now change to 10.25%. The rate hike will affect buyers who have vehicle finance agreements structured around a linked interest rate. Interest on these…

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Exchange rate woes masked by weak oil price

Only oil’s ongoing lower price is protecting South African motorists against the rampant Rand / US dollar exchange rate. This is according to the Automobile Association (AA) which was commenting on unaudited month-end data released by the Central Energy Fund (CEF). “The average exchange rate used in the fuel price calculation has breezed past R16.40…

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Distracted-driving

Are cars and drivers ready to go on autopilot? Lessons from the airline cockpit.

Are cars and drivers ready to go on autopilot? Find out more and watch the below video case study presented by Stephen M. Casner, Research Psychologist at the National Aeronautics and Space Administration (NASA) / USA on autopilots and lessons from the airline cockpit. Gain detailed insights into: Automation in the airline cockpit: Challenges that need to be…

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Learner

Who is liable for the damage to the driving schools car when the learner crashes the car during a driving lesson

Question: Good day. Not sure if you can answer my question. Who is liable for the damage to the driving schools car when the learner damages the car during a driving lesson? Answer: The information is a bit skimpy but let me give you the following answer. We assume that ownership of the vehicle is registered in…

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Ferrari introduces the California T

Maranello, 22 January 2016 – The  California T,  Ferrari’s immensely successful  front-engined V8 model with retractable hard top and 2+ seating configuration, is now available with the brand-new Handling Speciale (HS) option. Clients the world over have been so impressed with the California T’s ideal combination of performance and versatility that it has become the benchmark…

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