Zimoco operating well despite depressed market

Zimoco is selling an average of 50 vehicles per month despite battling against the depressed market in the local automotive industry, chief executive officer Bob Crossley has said.

Speaking in Harare last week, Crossley said factors affecting the market including unavailability of finance and liquidity and high interest rates were posing a threat to the motor industry.

The local car industry has seen a gradual decline of 20% in sales for newer vehicles due to the thinning of the spending power.