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:
Parliament’s Portfolio Committee on Trade, Industry and Competition has renewed calls for stronger localisation, expanded job creation and deeper transformation in South Africa’s automotive industry after reviewing progress on the South African Automotive Industry Master Plan 2035.
As economic pressures and market volatility continue to shape the local transport industry, UD Trucks Southern Africa says it has demonstrated confident and stable growth, supported by strong retail partnerships and a relentless focus on customer uptime.
Family-run new car dealerships remain a unique phenomenon on the South African automotive landscape, with their own challenges, particularly in rural towns.
Advertisement
Advertisement
You can't buy happiness but you can buy cars and that's kind of the same thing.
Unknown
Parliament’s Portfolio Committee on Trade, Industry and Competition has renewed calls for stronger localisation, expanded job creation and deeper transformation in South Africa’s automotive industry after reviewing progress on the South African Automotive Industry Master Plan 2035.
As economic pressures and market volatility continue to shape the local transport industry, UD Trucks Southern Africa says it has demonstrated confident and stable growth, supported by strong retail partnerships and a relentless focus on customer uptime.
Keyloop, a global automotive technology company, has signed an agreement to acquire Motortech.ai, a United Kingdom-based (UK) developer of state-of-the-art artificial intelligence (AI) solutions for the automotive industry.
