RZ electrical vehicle from Lexus makes local debut
Lexus South Africa new RZ, the brand’s first globally available, purpose-built battery electric vehicle (BEV), has arrived on local shores.
- Product News
- 5 March 2026
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:
Lexus South Africa new RZ, the brand’s first globally available, purpose-built battery electric vehicle (BEV), has arrived on local shores.
Chery’s luxury brand, a stand-alone nameplate has arrived in South Africa with more larger models (L8) that will be added to the Lepas line-up later.
The global automotive sector enters 2026 amid profound and rapid transformation, defined by technological acceleration, shifting policies and evolving consumer priorities., according to a white paper published by Messe Frankfurt in partnership with Frost & Sullivan.
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Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac?
George Carlin
The global automotive sector enters 2026 amid profound and rapid transformation, defined by technological acceleration, shifting policies and evolving consumer priorities., according to a white paper published by Messe Frankfurt in partnership with Frost & Sullivan.
Continental has achieved a major milestone in its global sustainability strategy by fully eliminating coal and heavy fuel oil from all its tyre production sites.
The global oil market is under pressure, with geopolitical instability driving prices higher and directly impacting consumers at the pump.