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Racing cars for Germany to be built by VW in Kariega
South Africa is exporting one of its most successful racing formulas to Germany.
- Industry News
- 7 February 2025
Absa Vehicle and Asset Finance (AVAF) hosted its Top Ten Buyers Awards in Isando recently.
The awards, which are an annual institution, celebrated the top 10 supporters of AVAF’s trade centres. The criteria for the awards were most rand value spent by a dealer in 2022.
In 2022, the trade centres generated R1.5 billion of which the top 10 buyers contributed a staggering 26 per cent, translating into 10 000 units sold.
Charl Potgieter, Managing Executive at AVAF, lauded the winners, saying it was a phenomenal feat in light of a challenged economy that was dealing with everything from interest rate increases and distressed customers to high inflation.
According to Charl, he never lost faith in the auto industry’s resilience saying: “The market might be tough, but the dealers are tougher.”
Johan de Necker, Senior Manager of the AVAF Trade Centres, also lauded the mammoth effort of the top 10, with a special nod to those who bought nationally from the different trade centres.
The Top 10 buyers include:
South Africa is exporting one of its most successful racing formulas to Germany.
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