AITF plans to expand funding for growth
- Industry News
- 11 February 2025
Dealer industry news from around Southern Africa
The improvement in year-on-year new vehicle sales in June this year and for the first half of 2021 “is genuinely great news”, according to the National Automobile Dealers’ Association (NADA).
Mercedes-Benz Cars has invested a further R3 billion in its manufacturing facility in East London for the production of the new generation C-Class.
The recovery in the new vehicle market is gaining momentum, says Naamsa.
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.
Continued new vehicle stock shortages and resulting rising prices are hampering the recovery of the market, according to JSE-listed automotive group, Motus.
The Africa Continental Free Trade Area (AfCFTA) agreement is a unique opportunity for the automotive sector in Africa, says Alec Erwin, an African Association of Automotive Manufacturers (AAAM) policy expert and former South African deputy minister of finance and minister of trade and industry and public enterprises.
The definition of component parts in the Competition Commission’s Automotive Aftermarket Guidelines is one of the grey issues that is currently still the subject of debate, according to the Tyre Equipment Parts Association (TEPA).
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.
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You can't buy happiness but you can buy cars and that's kind of the same thing.
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