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    Pay us by borrowing from treasury bill market- Pensioner bondholders reiterate calls to govt

    Ghana’s energy sector needs audit to ascertain debt levels – COPEC

    Sole implementation of cylinder recirculation model threatens our investment – LPG Operators

    Mobile money disrupted banking in Ghana – Zeepay CEO

    Independent Power Producers demand 30% payment of arrears

    We are confident of meeting IMF conditions for fiscal consolidation – Ofori – Atta

    Fuel pricing: COPEC predicts marginal drop in first window of June 2023

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    Ghana’s oil reserve recording steady growth – GNPC CEO

    Fuel pricing: COPEC predicts marginal drop in first window of June 2023

    ACEP pushes for research in Africa’s energy sector

    African leaders urged to employ energy policies that will transform Africa

    COVID -19 levy must be abolished – Importers & Exporters insist

    Halt implementation of utility tariffs increment- FABAG tells govt

    Govt maintains COVID-19 levy despite calls for removal

    Strengthen Financial Stability Fund to support struggling banks – Dr. Atuahene

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    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

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Automobile sales to pick up towards end of 2020 – Silver Star Auto Head

byMinna Dablu
July 22, 2020
in TECHNOLOGY, Top Stories
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Executive Director of luxury automobile distributors, Silver Star Auto Limited, Nouhad Kalmoni, is hopeful Ghana’s automobile industry will bounce back after sales generally plummeted due to the COVID-19 pandemic.

The pandemic has had an impact on the globally integrated automotive industry with a disruption in export of Chinese parts, large scale manufacturing interruptions across Europe, and the closure of assembly plants in the United States. This is placing intense pressure on an industry already coping with a downshift in global demand.

Speaking to Citi Business News during the launch of a new dealership for Citroën brand of vehicles in Accra, Mr. Kalmoni said the automobile industry in Ghana is showing signs of steady growth ahead of the general election in December.

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“The Auto industry has seen a setback of about 25 to 30 percent on average depending on the brands and the segments in which we operate. So, you might see maybe commercial vehicles are more affected than maybe some passenger cars, fleets might be buying. Fortunately for us and all the other dealers we happen to be in an election year so there is a drive for purchase of new vehicles. They’re using up budgets before the end of the year and before the new year comes around. So, hopefully, the latter part of this year, that’s the next three to four months, well see some boost in terms of vehicle sales,” he said.

Mr. Nouhad Kalmoni said the new dealership will showcase top of the range vehicles such as the new Citroën Cactus SUV, Aircross SUV, Citroën Jumper and Citroën Berlingo Van, from the renowned French car manufacturer.

He said customers should expect exciting new products and offers from the company which is the nation’s sole distributor of Citroën brand of vehicles.

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