
Absa, NADA sign formal partnership agreement
Absa has taken another step towards becoming the bank of the auto industry by signing a formal collaboration agreement with the National Automobile Dealers’ Association (NADA).
- Industry News
- 4 July 2025
Creative Rides roared into 2025 with a triumphant start to the year, delivering stellar results in both its showroom sales and much anticipated March online evening auction.
The exclusive event drew in an impressive crowd of over 200 collectors, enthusiasts, as well as online spectators and bidders – setting a new benchmark for participation. The auction featured 33 hand-picked collector cars, with BMWs emerging as the undisputed stars of the night.
A showstopping 1987 BMW 333i in rare Henna Red with power steering stole the spotlight, hammering down at a staggering R3.5 million (including buyers commission) – a new high for the model. Also commanding fierce bidding was a 1991 BMW 325iS Evo 1, which had buyers in a frenzy before settling at an equally impressive R1.5 million (including buyers commission).
Another noteworthy highlight was the unrestored Estate Late Cadillac 62 Series Convertible, which achieved a remarkable R500 000 (including buyer’s commission), showing that American classics continue to hold their ground among collectors.
The excitement didn’t end with the gavel. In the days following the auction, Creative Rides successfully concluded numerous showroom deals.
“We’re thrilled by the response to our first major auction of the year,” says Creative Rides CEO Kevin Derrick. “The turnout, the energy and the prices achieved – especially for the BMWs – show just how strong the market is for quality collector cars.”
With a full calendar of auctions planned for the rest of 2025, Creative Rides is firmly positioned to break more records and deliver even more automotive icons to passionate buyers across the country.
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