Joseph Cotterill @jsphctrl.ft.com · Nov 17 Another small but telling sign of how China's boom in low-cost exports is affecting emerging markets. WeBuyCars, a South African used car dealer, says new Chinese brands in the new car market are cheap enough to push it to lower prices in the used market. (Via www.webuycars.co.za/investors/fi...)
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Hard to see anything but premium brands surviving, local OEMs and their supply chains are under maximum stress.
And based on these WeBuyCars estimates, new sales of Chinese brands still look to be in the early stages of growth in South Africa.