With an increase of nearly 20% month-on-month in February's national vehicle sales, we are seeing the signs of a recovery in the local automotive sector.
Particularly pleasing for MBSA is the fact that we are, at present, selling the third highest number of cars overall in the country; and in the commercial vehicle market one in every four vehicles sold is one of ours.
We are optimistic that the vehicle market could possibly improve by between +7% and +10% in 2010 compared to last year.
MBSA and its retail and service partners will continue to focus on our strengths - working hard to remain number one in the premium segment for passenger cars and leader in the truck market, whilst rendering a premium service.
Dr Hansgeorg Niefer, CEO of MBSA.