![24 DMAX1](/imager/gallery/56809/24DMAX1_ac4358fb135aa81dd484ffed19f8ae96.jpg)
45 years of Isuzu in South Africa celebrated
ISUZU Motors South Africa is celebrating its legacy of producing ISUZU bakkies in the country over the past 45 years with the launch of the limited-edition D-MAX 45.
- Product News
- 26 July 2024
The automotive industry is currently undergoing a profound transformation, marked by a shift towards Environmental, Social and Governance (ESG) principles. Brandon Cohen, National Chairperson of the National Automobile Dealers' Association (NADA), underscores the significance of this transformation.
"In today's ever-evolving business environment, the automotive industry faces a pivotal moment of transformation. What was once a mere blip on the radar has now emerged as an undeniable force reshaping how we operate our franchised motor dealerships," says Brandon. Sustainability is now a fundamental requisite for ongoing success. ESG plays a pivotal role in ensuring the longevity of businesses by providing tangible measures of performance.
He explains that in the modern landscape, a vehicle dealership operates a new car business, used car business, Finance & Insurance business, workshop business, parts business and an administrative function.
This necessitates a firm grasp of legislative requirements within the organisation to ensure full compliance with a myriad laws applicable to the operations of a dealership. It can be costly if dealer personnel are not familiar with the requirements and able to implement them.
"ESG in the retail automotive space can be as simple as looking at the immediate Environmental requirements such as dealers moving to energy-saving lamps and timers or sensors and looking into greener energy solutions, ensuring the dealer has plans to hire, train, upskill and retain a diverse workforce and complying with laws and regulations to avoid reputational and financial damage to the business Brandon advises.
He highlights how a notable advantage of an effective ESG programme in a retail motor dealership is the enhanced trust it builds with consumers during transactions. It mitigates potential issues that may arise during or after these transactions, a crucial factor given the evolving financial and banking regulations.
"Even in regions like the USA, where ESG has been a highly politicised topic, surveys indicate that most people believe large corporations should consider social issues, environmental impact and gender-related matters. NADA continues to advocate for the establishment of 'living' ESG programmes among its members to benefit both businesses and customers alike.
"ESG integration should become a way of life for dealerships, securing their long-term prosperity and enhancing the financial outcomes for their employees," Brandon concludes.
The clinic in Kabah, one of Kariega’s oldest townships, which is known for its history of extreme poverty, has received a significant revamp thanks to the efforts of the Volkswagen Community Trust and the employees of Volkswagen Group Africa.
The original BMW M fan favourite – the BMW M FEST – returns to the Kyalami Grand Prix Circuit from 25 – 27 October 2024.
Mercedes-Benz Vans South Africa has announced the appointment of Natasha Jardim (main photo) as its new Managing Executive. She succeeds Nadia Trimmel, who is moving to a new position within the Mercedes-Benz Group.