WeBuyCars on the road to expansion
- Industry News
- 20 November 2024
Dealer industry news from around Southern Africa
The transition to a green economy in South Africa is gaining momentum with a commitment recently from President Cyril Ramaphosa in the 2023 State of the Nation Address to a R1.5 trillion investment over the next five years through the Just Energy Transition Investment Plan.
Absa has scooped top honours and for the first time won the prestigious SA Motor Body Repairers’ Association (Sambra), Insurer of the Year award followed by a silver award to both Bryte Insurance and OUTsurance in joint second place.
Ford South Africa joined the Gift of the Givers Foundation in commemorating the completion of newly constructed classrooms and extensive renovations to existing infrastructure at the Solomon Mahlangu Freedom School, located in Mamelodi, Pretoria.
A much lesser-known race in the auto industry, driven by the $1 trillion Infrastructure Investment and the Jobs Act of 2021, is currently underway in the US, and the Japanese chemical and electronics company Asahi Kasei might have a substantial lead start.
Jaguar Land Rover South Africa now offers its clients the convenience and flexibility of more than one retail model.
JSE-listed automotive business, Motus, is benefiting from the ongoing structural shift away from luxury brands in the South African vehicle market.
In just over a month, one of South Africa’s premier motorsport events will take place in the hills around Knysna with the Simola Hillclimb taking place from 4 to 11 May.
The intent of South African consumers to buy a new or used vehicle continued on its downward trend.
A full-scale price war is under way in the Chinese vehicle market with both VW and its partner, as well as Toyota and Honda and their Chinese partner, offering substantial subsidies on their vehicles.
The recently held National Automobile Dealers Association (Nada) 2023 Conference in Sandton, where the future-proofing of businesses in the industry was the running theme, David Lowrie of MSXI Australia highlighted issues surrounding the next generation of auto retail talent.
Not only ‘if’ they respond to seismic changes, but also how rapidly, will determine whether dealerships find themselves in a utopian or dystopian landscape, according to Australian expert, David Lowrie.
Relief for communities that have been left destitute following the recent spate of torrential flooding in the Eastern Cape will benefit from a donation of R100 000. The Isuzu Foundation teamed up with Gift of the Givers to help rebuild communities affected by the flooding.
The end of April will see Land Rover of all shapes, sizes and age get together for the annual LandyFest.
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I always do like seeing other people dance in their cars. It's one of the things that makes me happy.
Ariel Gore