Cape Town – Car sales have likely reached their ceiling in the current economic climate, a researcher said after trade results showed a further decline in new car sales in May. At 47 868 units, new ...

Automotive components of the UK-US trade deal confirmed last week should be seen as “a floor rather than a ceiling”, an industry ... set the tariff rate on car exports to the US at 27.5%.

UK car makers were intensely worried about the impact tariffs on their industry would have had if left unchecked. Mr Hawes said the details of the agreement “will be reviewed” and “we view this as the ...