WeBuyCars on the road to expansion
- Industry News
- 20 November 2024
Dealer industry news from around Southern Africa
Motus, the vehicle business of Imperial Holdings that was unbundled and separately listed on the JSE, has launched its dedicated vehicle shopping website.
Mzansi’s parts guru, Malcolm Kinsey, has sound advice for dealers who inflate their parts and services prices but he says by and large, the perception that dealers charge exorbitant prices is misplaced.
The CEO of BMW Group South Africa and sub-Saharan Africa, Tim Abbott, has quit after six years at the helm and will be replaced by South African born Peter van Binsbergen at the start of the new year.
New to South Africa but not new to Audi’s business in South Africa. Sascha Sauer is the new Head of Audi Africa and will lead the Four Rings locally taking over the reins from Trevor Hill.
A promising future awaits the Dutch truck manufacturer, DAF in South Africa, especially with the establishment of a local assembly plant within two years.
South African motorists can expect a further drop in the fuel price during November.
Dealer principals were not surprised that Finance Minister Tito Mboweni did not even mention a call by the auto trade to lower taxes on new vehicles in his 2020 medium-Term Budget Policy Statement.
Springbok rugby will again be driven by Land Rover with the announcement that the premium brand will be the official vehicle partner and associate sponsor of the Rugby World Cup Champions.
Trading is tough, especially after the hard lockdown, which has created a perfect breeding ground for scams and schemes by syndicates and individuals.
The uptick in new vehicle sales since June 2020 is very encouraging, says National Automobile Dealer Association (NADA) chairperson, Mark Dommisse.
The downward trajectory in the new vehicle market continued in October 2020 but at a slower pace than previous months.
Almost half of South Africa’s seven automotive original equipment manufacturers (OEMs) believe capital investment expenditure by the industry will decline in the next six months compared to the prior period.
Finance Minister Tito Mboweni has warned that South Africa cannot allow its recent fiscal weakness and the pandemic to turn into a sovereign debt crisis, and the measures in the Medium-Term Budget Policy Statement (MTBPS) set out active measures to avoid this risk.
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Daniel Pink