NADA - South Africa

BUSA Weekly Update for the Week Ending 01 November 2024 We have extracted the top relevant highlights from this week’s BUSA Economic Briefing - See it here: https://bit.ly/4fm67JG

The November Issue of The Automobil Magazine is here! As always Automobil brings you the latest automotive and industry news, association updates as well as informative articles on finance, labour, legal, leadership topics and many more... Read it here: https://bit.ly/3AmqO8Z

naamsa RELEASES OCTOBER 2024 NEW VEHICLE SALES STATISTICS Reflecting on the new vehicle sales statistics naamsa | The Automotive Business Council said that the positive start to the last quarter with the highest sales month of the year, including the highest passenger car sales month since October 2019, was encouraging for the medium-term new vehicle market outlook. Mikel Mabasa, naamsa CEO said that aggregate domestic new vehicle sales in October 2024, at 47,942 units, reflected an increase of 2,506 units, or a gain of 5,5%, from the 45,418 vehicles sold in October 2023. Export sales decreased by 17,324 units, or 42,6%, to 23,342 units in October 2024 compared to the 40,666 vehicles exported in October 2023”... Read more here: https://bit.ly/3YFBGXM

Uptick in October passenger vehicle sales indicates positive consumer sentiment amid economic challenges “Amid persistent economic challenges, the passenger vehicle market experienced its most significant monthly growth in five years, indicating a potential rebound in consumer confidence,” stated Brandon Cohen, Chairperson of the National Automobile Dealers’ Association (NADA) when commenting on the naamsa | The Automotive Business Council October vehicle sales report, which revealed an encouraging performance in the new vehicle market. Read more here: https://bit.ly/4fw7PaG

There’s A Costly Mistake Behind Underperforming Dealerships Watch here: https://bit.ly/4hoqt6j

Don't Miss Out Mark your calendars for the premier event in automotive retail: NADA Connect on 13 March 2025, at the Focus Rooms Sandton! This is your chance to engage with industry leaders, discover emerging trends, and network with peers. Don’t miss out - secure your spot today and be part of the future of automotive retail. Date: 13 March 2025 Venue: Focus Rooms Sandton Reserve your seat now: https://bit.ly/3IWTZ2A #NADAConnect2025 #AutomotiveIndustry #NADA

NADA supports a balanced and transparent approach The National Automobile Dealers’ Association (NADA) acknowledges the Competition Commission of South Africa’s (CCSA) revised Automotive Aftermarket Guidelines, published at the end of September 2024. These updates aim to foster greater inclusivity and competition, creating a structured and transparent environment that empowers consumers with... Read more here: https://bit.ly/3Uqssx7

These predictions for 2025 car sales may shock you! Watch here: https://bit.ly/4f7lJRa

Despite the challenges of high inflation, South Africa’s automotive industry remains hopeful. We spoke with industry leaders to get their take on the latest trends, challenges, and what’s happening on the dealership floor. Find out how the market is feeling after some shaky new vehicle sales. Featuring insights from: Grant Cumming (KIA) Ryan Seele (Mortimer Group) Paul Botha (Rola Motor Group) Tembinkosi Pantsi (Avanti Cars & NADA Deputy Chair) Watch it here: https://bit.ly/3BSZzmM

Thembinkosi Pantsi shares insights on how the recent interest rate cut affects the automotive industry. Tune in to hear how this shift could influence car buyers and dealerships across South Africa... Listen here: https://bit.ly/4dMLFQz