‘Kwacha gain to stabilise car business’
Published On August 11, 2022 » 991 Views» By Times Reporter » Business, Stories
 0 stars
Register to vote!

By KENNEDY MUPESENI-
THE appreciation of the local currency will bring stability in the car business, Brilliant Auto Association of Zambia (BAAZ), an organisation for car dealers headquartered in Kitwe has said.
BAAZ vice president Samson Lungu said although in the short term car dealers are likely to incur losses they would be offset by increased business volumes.
“Few people can afford a vehicle costing K150,000, we are happy with the Kwacha appreciation because if the trend continues we will begin to see prices coming below K100,000 which will attract a lot of people to own vehicles,” Mr Lungu said.

Read more

Share this post
Tags

About The Author