The new vehicle sales statistics for May 2021 are “very heartening”, according to the National Automobile Dealers’ Association (NADA).
The Ford Motor Company of Southern Africa has announced leadership and organisational changes to strengthen its automotive operations.
The COVID-19 hard lockdown restrictions in the second quarter of last year continue to distort new vehicle sales, with total sales increasing by 197.8% to 38 337 units last month from the 12 874 vehicles sold in May 2020.
JSE-listed Transaction Capital plans to increase its shareholding in used car trader, WeBuyCars, in a transaction valued at an estimated R1.6 billion.
The appetite for new vehicles is at an all-time high, says Motus Retail and Rental SA CEO, Corné Venter.
The Automobile Association (AA) says comments by Gauteng MEC for Transport Jacob Mamabolo on e-tolls do not amount to an official announcement on the system, and may not be considered government’s formal position on the matter.
Naamsa, the automotive business council, has stressed that the new Automotive Aftermarket Guidelines present “positive disruptions” to the industry for which South Africa’s automotive industry is prepared.
There is general agreement among the chief executives of member companies of automotive council Naamsa that there will be much improved business conditions over the next six months.
“Selling is no longer what you have to offer, but about meeting the specific needs of the customer,” Meyer Pheiffer, Managing Member and co-founder of Expel SA, said at the inaugural 2021 F&I Industry Virtual Summit on Tuesday, 18 May.
Naamsa, the automotive business council, has reiterated its support for the Automotive Aftermarket Guidelines as it nears the implementation date of 1 July.
A Green Paper on the advancement of new energy vehicles in South Africa, including electric vehicles (EVs), has been published for public comment by the Department of Trade, Industry and Competition.
South Africa’s new vehicle market will take about three years to recover to pre-COVID-19 sales levels, according to Norman Lamprecht, the executive manager at automotive council, Naamsa.
The first ever virtual Finance & Insurance (F&I) Summit takes place on Tuesday, 18 May 2021.