AITF plans to expand funding for growth
- Industry News
- 11 February 2025
Dealer industry news from around Southern Africa
New vehicle sales boomed in February this year, despite it being the shortest month of the year, says the National Automobile Dealers’ Association (NADA).
Motus Holdings Ltd (Motus), South Africa’s leading automotive group, has purchased a 60% stake in GetWorth, an innovator in South Africa’s pre-owned vehicle industry.
New vehicle sales grew year-on-year by 18.4% in February this year to the highest level since November 2019.
Tesla has been the fastest growing automobile brand over the course of the pandemic with astounding brand value growth of 271% in the last two years, according to the latest report by leading brand valuation consultancy Brand Finance.
The Ctrack Africa Transport and Freight Index (CTFI) reached a record high in November 2021 but moderated somewhat in December and increased just marginally in January 2022.
The brand says its fast-growing sales and network of 62 dealers has necessitated the larger facility. It will also ship parts and components from this facility to its dealers in Namibia and Eswatini.
There has been a strong rebound in the sentiment of chief executives of member companies of automotive council, naamsa, about general, new-vehicle business conditions over the next six months.
Absa and Messe Frankfurt SA, the organisers of Automechanika Johannesburg, are proud to announce the next in a series of webinars under the banner of ‘Let’s Talk Business,’ where industry leaders unpack the key trends shaping the market.
Ford Approved has now modernised its services through several refinements that have been implemented to ensure a more complete and rewarding customer experience.
Automechanika Johannesburg will see a return to a face-to-face trade show at the Johannesburg Expo Centre, Nasrec from 7-10 June 2022.
Renault South-Africa announced the appointed Shumani Tshifularo as its new Managing Director replacing Jaco Oosthuizen who now take the lead as the new CEO of Motus Australia.
Toyota South Africa Motors (TSAM) President and CEO, Andrew Kirby, is forecasting that new vehicle sales will grow by 16.3% to 540 000 units this year from the 464 469 units sold in 2021.
New vehicle sales are expected to grow by between 10% and 15% in 2022, according to the National Automobile Dealers’ Association (NADA).
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