WeBuyCars on the road to expansion
- Industry News
- 20 November 2024
Dealer industry news from around Southern Africa
JSE-listed automotive group, Motus, has acquired the Kia Bryanston and Honda Sandton motor dealerships from the North Motor Group.
The COVID-19 pandemic has accelerated the move by consumers towards digital interactions with vehicle dealers, according to the National Automobile Dealers’ Association (NADA).
A new company that focuses on car subscriptions in South Africa and Mexico claims it has disproved the concept that people aspire to own their own vehicle.
Thato Magasa took over the reins at Mitsubishi Motors South Africa as the new Managing Director. He succeeds Pedro Pereira, who had been in the position since 2015.
JSE-listed Barloworld has finalised the sale of its motor retail business, comprising 38 motor franchise dealerships in South Africa and Botswana.
MasterDrive and Castell Projects and Services will be launching a driver training programme during June, which is also youth month, aimed at young drivers.
Right to Repair South Africa (R2RSA) has welcomed the pledge by the National Automobile Dealers’ Association (NADA) to support the Competition Commission Guidelines for Competition in the South African Automotive Aftermarket.
The new vehicle sales statistics for May 2021 are “very heartening”, according to the National Automobile Dealers’ Association (NADA).
The Ford Motor Company of Southern Africa has announced leadership and organisational changes to strengthen its automotive operations.
The COVID-19 hard lockdown restrictions in the second quarter of last year continue to distort new vehicle sales, with total sales increasing by 197.8% to 38 337 units last month from the 12 874 vehicles sold in May 2020.
JSE-listed Transaction Capital plans to increase its shareholding in used car trader, WeBuyCars, in a transaction valued at an estimated R1.6 billion.
The appetite for new vehicles is at an all-time high, says Motus Retail and Rental SA CEO, Corné Venter.
The Automobile Association (AA) says comments by Gauteng MEC for Transport Jacob Mamabolo on e-tolls do not amount to an official announcement on the system, and may not be considered government’s formal position on the matter.
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Human beings have an innate inner drive to be autonomous, self-determined, and connected to one another. And when that drive is liberated, people achieve more and live richer lives.
Daniel Pink