NADA - South Africa

Scan, Learn, Trust! NADA is proud to introduce our new membership decal including a QR Code, now being rolled out at NADA accredited dealerships nationwide! Simply scan the QR Code on the dealership window to unlock a wealth of trusted resources and insights into the automotive industry. By scanning, you'll gain access to the NADA website – your go-to resource for maintaining excellence in your dealership. Key highlights include: NADA’s Code of Ethics – Uphold the highest standards of integrity, transparency, and professionalism at your dealership Dealer Compliance & Consumer Protection Guidelines Industry News & Updates Resources for Improving Your Dealership With NADA’s trusted insights and ethical guidelines, you can ensure your business thrives with integrity and trust. #NADASouthAfrica #AutomotiveExcellence #DealershipInnovation #DriveWithConfidence

Dear Automobil reader: The September 2024 issue of Automobil has been uploaded for your reading pleasure. 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... See more here: https://bit.ly/3XsVm1q

New training programme addresses skills gap in motor dealerships The critical need for trained staff in automotive retail dealerships is underscored by the increasing number of new and returning vehicle brands entering the South African market and establishing trading networks across the country. The Future Dealership Development Programme (FDDP), an innovative initiative developed to meet this demand, focuses particularly on empowering women to take on leadership roles within the sector... Read more here: https://bit.ly/3TszCAj

Increasing popularity of Chinese vehicles in SA Chinese car brands are experiencing a surge in popularity across South Africa, defying market challenges. While the first quarter of 2024 showed new vehicle sales in the country declined by 5.6% compared to the same period in 2023, the number of Chinese cars financed by Standard Bank Vehicle Finance has consistently shown an increase year-on-year... read more here: https://bit.ly/3XpopSr

How Will the Two-Pot Retirement System Affect Car Sales? The introduction of South Africa's two-pot pension system could change the landscape of consumer spending. With access to part of their savings, some might have more funds for large purchases like cars. But will people use this windfall for debt repayment, or boost the economy with new purchases? Higher interest rates could also impact vehicle finance. What do you think? Will this lead to more car sales, or are other factors at play? Let us know! #CarSales #PensionSystem #NADA

Women Driving Change - Join Us for an Inspiring Event! On Wednesday, 11 September, NADA, in partnership with RMI, is hosting a special Women Driving Change Event to celebrate the women making powerful strides in the automotive industry and RMI's structures. This is an incredible opportunity to hear from keynote speakers and engaging panelists as they discuss their journeys and visions for the future. Venue: Melrose Arch, Johannesburg Date: 11 September Time: 10am - 1pm Seats: Only 80 available (In-person) Online version available Be part of the movement! Limited spots available, so secure your seat or register for the online experience today! RSVP: danelle.vandermerwe@rmi.org.za #WomenInAutomotive #WomenDrivingChange #NADA #RMIStructures #Leadership #Inspiration #AutomotiveIndustry #Empowerment

Brandon Cohen Discusses South Africa’s Car Sales Drop on Soweto TV NADA Chairperson, Brandon Cohen, appeared on Soweto TV News to discuss the recent decline in new car sales for August. Despite the drop, there’s optimism in the industry, with hopes that... See more here: https://bit.ly/3X6MTzG

naamsa RELEASES AUGUST 2024 NEW VEHICLE SALES STATISTICS: PRETORIA: Monday, September 02, 2024: Reflecting on the new vehicle sales statistics naamsa | The Automotive Business Council said that the positive July 2024 new vehicle market performance could unfortunately not fuel a sustained rebound in the August 2024 sales performance. Aggregate domestic new vehicle sales in August 2024, at 43,588 units, reflected a decrease of 2,266 units, or a loss of 4,9%, from the 45,854 vehicles sold in August 2023. Export sales decreased by 14,658 units, or 34,3%, to 28,073 units in August 2024 compared to the 42,731 vehicles exported in August 2023... Read more here: https://bit.ly/3Xqg9Tp

NADA Comment - August vehicle sales underwhelm at a time of major focus on local industry. SOUTH AFRICA, Johannesburg, 02 September 2024 – August vehicle sales in South Africa showed a 4.9% decrease compared to the same month last year, a drop that comes at a critical time for the automotive sector. “This decline is disappointing, especially considering the July sales results and improving consumer sentiment in the country” said Brandon Cohen, National Chairperson of the National Automobile Dealers Association (NADA)... Read more here: https://bit.ly/3ZaB3Hf

Pieces of the automotive sector recovery puzzle beginning to mesh 02 September 2024: The euphoria of positive sales growth for South Africa’s new vehicle market in July was short-lived. But WesBank CEO Ghana Msibi remains optimistic for a slow recovery in the market. Speaking at the 2024 Festival of Motoring over the weekend, Msibi said the market was primed for improved recovery amidst new product introductions, not least from new value-oriented brands, and the prospect of lower interest rates, both significant catalysts to the market.... Read more here: https://bit.ly/3z4oMtk