WeBuyCars on the road to expansion
- Industry News
- 20 November 2024
Dealer industry news from around Southern Africa
The government’s infrastructure investment and development strategy should, among other things, focus on cost and efficiency in transport and ports systems for export-orientated industries, says Naamsa.
Among the world’s cross country racers, three South African companies are well known for producing race-winning bakkies.
Dealers are turning to value-added products and services to help improve their profitability but there is still plenty of room for improvement, says Seriti Solution’s Anri Carney.
Cartrack Holdings, the listed fleet management, stolen vehicle recovery and insurance telematics group, was hurt in the six months to August 2020 by an inability to instal devices in vehicles because of the COVID-19 lockdown.
Cars.co.za, arguably South Africa’s largest automotive platform, has launched its new match-making service for private sellers and dealers after trailing it across Gauteng over the last couple of months.
A total of 16 183 jobs were lost in the retail aftermarket between March 1 and September 30 this year, the peak period of the Covid-19 lockdown, according to Motor Industry Bargaining Council (MIBCO) statistics.
Discovery Insure recently announced the launch of a "world-first" telematics-based vehicle warranty cover. The product is available to qualifying clients who book a service at any Motus dealership or Bosch service centre.
Vehicle dealers are facing a 12-month “income gap” because of the disruption of new-vehicle sales by the COVID-19 lockdown and the defleeting of car rental companies.
The COVID-19 lockdown has taken its toll on the financial performance of JSE-listed Combined Motor Holdings (CMH), which anticipates reporting a loss for the six months to end-August.
New vehicle sales trends showed an encouraging improvement last month (September) despite still declining overall by 23.9 percent to 37 403 units from the 49 140 vehicles sold in September 2019.
Any increase in the taxes paid on new and used vehicles will increase the overall cost of motoring and have a negative impact on vehicle sales and tax revenue, says National Automobile Dealers’ Association (NADA) chairman Mark Dommisse.
Motus, the vehicle business of Imperial Holdings that was unbundled and separately listed on the JSE, has developed a new online portal where prospective customers will be able to access all the pre-owned vehicle stock in the group.
Most people in the business of selling vehicles think flying cars are pure science fiction, but the first sales of airborne autos is scheduled to happen in 2020.
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You can't build a reputation on what you are going to do.
Henry Ford