Futuroad Expo

Have you signed up for Futuroad Expo Johannesburg yet? 🚛✨ This is your chance to join Africa’s top event for trucks, buses, and commercial vehicles! 🌍 Meet industry experts, check out the latest technology, and explore new business opportunities across the region. Register for FREE: 👉 https://lnkd.in/gZzweXce  #FuturoadExpo #FreeRegistration #Trucks #Buses #CommercialVehicles #Networking #Johannesburg #BusinessGrowth

A Deeper Dive into South Africa's August 2024 Vehicle Sales 43 days and counting to the naamsa SA Auto Week 2024 event Reflecting on the new vehicle sales statistics, 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. While the overall new vehicle market in South Africa experienced a slight decline, there were some notable trends: - Passenger car sales increased by 3.1%, indicating growing consumer demand for personal vehicles. - Light commercial vehicles aw a significant drop of 21.5%, possibly due to economic uncertainty or changes in business needs. - Exports declined by 34.3%, primarily driven by weaker European markets. Key Factors Influencing the Market: - Economic conditions: The Rand's strength, lower inflation, and decreasing fuel prices positively impacted consumer sentiment. - Interest rates: While a potential rate cut could improve affordability, current high rates still pose challenges. - Government policies: The potential end of load shedding and supportive government initiatives could boost the market. Looking ahead, it is noted that despite current challenges, the South African automotive industry remains optimistic about future growth. Factors like lower base-month comparisons and potential policy changes could lead to improved performance in the coming months. Read the full story at https://lnkd.in/dtbGXChj  #naamsa #SouthAfrica #Automotive #NewVehicles #MarketAnalysis #EconomicTrends

Electric Vehicle Residual Values: A Game-Changer for African Fleet Owners On August 30th, Greg Cress the Principal Director for Automotive & E-Mobility at Accenture South Africa highlighted the significance of electric vehicle residual values for African fleet owners at the Automechanika/Futuroad CEO breakfast that took place at Sanrel van der Merwe Terrance: Hospitality Suite Kyalami Grand Prix Circuit.  Greg discussed how residual values impact consumer purchasing decisions (buy, lease, subscribe), manufacturer pricing strategies, financial planning, and investment decisions. Key takeaways for fleet owners: - Residual values significantly impact the long-term cost of ownership for fleet owners. Battery life and performance are crucial factors in determining resale value.  - Manufacturers must carefully balance affordability with profitability in their pricing strategies.  - Accurate residual value projections are essential for financial stability, and uncertainty about future residual values can deter investors. Key takeaways for manufacturers: - Manufacturers must carefully balance affordability with profitability in their pricing strategies, as high residual values can attract buyers, but also impact profit margins.  - Accurate residual value projections are vital for long-term financial stability and investment decisions.  - Uncertainty about future residual values can hinder funding for new EV development and production. Understanding residual values is crucial for making informed decisions in the evolving electric vehicle market, contributing to both financial benefits and a sustainable future. #EVs #ResidualValues #FleetManagement #Africa #ElectricVehicles #GreenEnergy #FuturoafExpo

The automotive industry is buzzing with excitement as key players make significant leadership changes. Let's take a look at some recent leadership changes: BMW Group Financial Services SA Bolsters Leadership: Roger Rooden has joined as the new CFO, bringing a wealth of experience and financial acumen to the team. Rooden's appointment is expected to drive growth and profitability through customer focus, operational excellence, and collaboration. Read more at: https://lnkd.in/dZUD22Ui Mercedes-Benz SA Leadership Transition: Mark Raine, co-CEO, has stepped down to take on a new role in Stuttgart. Claudius Steinhoff has been appointed as his successor, bringing a proven track record of success in the Singapore market. #BMW #MercedesBenz #BMWGroup #MercedesBenzSouthAfrica #automotive #cars #auto #motor #vehicle #transport #leadership #appointment #newhire #executive #CFO #CEO

The Q3 Automechanika CEO Breakfast took place this morning at Kyalami Grand Prix Circuit and served as a platform for top executives to discuss the latest trends, challenges, and opportunities in the automotive aftermarket in Africa.  This gathering featured a distinguished line-up of speakers including: • Enrico Brandt - Deputy Head of Mission: German Embassy  • Ipeleng Mabusela - CEO , Strategy and Corporate Support: RMI  • Ronel Oberholzer - Head of Sub-Saharan Africa Economics : S&P Global Market Intelligence • Greg Cress: Principal Director at Accenture South Africa • Hugo van Wyk - Senior Manager Africa Consulting: EY • Stephan Kurzawski - Senior Vice President, Consumer Goods & Sales Board of Management: Messe Frankfurt Group • Jan Schoeman - CEO Operations & Regulatory Compliance : RMI who will share their expertise and insights on various aspects of the industry. By fostering dialogue between industry leaders, we aim to drive innovation, address challenges, and seize the opportunities that lie ahead. We look forward to continuing these important conversations and building a stronger, more sustainable future for the automotive industry on the continent. #Automechanika #AutomotiveAftermarket #Africa #CEOBreakfast #IndustryExperts #Networking

A Historic Collaboration to Transform African Logistics For the first time ever, the Chartered Institute of Logistics and Transport (CILT) branches in South Africa and Zimbabwe are joining forces to host a groundbreaking conference at Futuroad Expo 2024. This landmark event will address the critical challenges facing Sub-Saharan Africa's transport and logistics sector. The conference will delve into building and improving infrastructure, harmonising complex regulations across borders, whilst exploring strategies to enhance efficiency and reduce costs. Safety will also be a core focus, with discussions on protecting both people and cargo. Additionally, the conference will examine the vital role of skills development in building a competent workforce and the transformative power of technology in modernising the industry. By addressing these key pillars, the conference aims to equip attendees with the knowledge and insights needed to navigate the complexities of the African logistics sector and contribute to its growth. Africa's logistics sector faces significant hurdles. High costs, inadequate infrastructure, complex regulations, and limited technology adoption hinder the efficient movement of goods across the continent. These challenges significantly impact businesses and impede economic growth. However, amidst these challenges lie opportunities. By fostering collaboration, sharing best practices, and investing in infrastructure and technology, Africa can unlock its logistics potential. Join us as we pave the way for a more efficient, sustainable, and integrated African logistics landscape. For more information, contact: info@ciltsa.org.za #SupplyChainAfrica #FuturoadExpo #InfrastructureAfrica #CILT #SubSaharanAfrica

Is it time to invest in African fleets? Africa is home to 11 of the 20 fastest-growing economies in the world, according to the African Development Bank. With economic promise and growing demand for modern transport solutions, now is the perfect time to explore new opportunities in the haulage industry. Read the full article here: https://lnkd.in/dWJekVgJ #LCVExpertDay #FleetEurope #AfricanEconomy #Transport #TataMotors #CommercialVehicles #FleetManagement #BusinessGrowth #SouthAfrica #InvestInAfrica

Don't miss out! Register for FREE to attend the Futuroad Expo Johannesburg, the premier event for the Truck, Bus, and Commercial Vehicle Body Sectors. 🌍 Network with industry leaders, explore the latest innovations, and grow your business footprint across the sub-Saharan region. Click the link below to secure your spot today! 👉https://lnkd.in/gZzweXce #FuturoadExpo #MesseFrankfurtSA #FreeRegistration #TruckIndustry #BusIndustry #CommercialVehicles #TradeFair #BusinessGrowth #Johannesburg #AfricaBusiness #SubSaharanBusiness

Hino South Africa has won the platinum crown for the sixth consecutive year at the 2024 National Automobile Dealers' Association (NADA) Dealer Satisfaction Index (DSI) Awards! 🏆 Achieving a record-breaking score of over 90%, Hino is the first brand to reach this milestone. General Manager Itumeleng Segage attributes this success to the strong collaboration with 63 dedicated dealers, focused on exceeding customer expectations. The new Hino 700 Series has also been a key factor, complementing the established Hino 200, 300, and 500 ranges. The DSI survey, a key benchmark in the South African automotive industry, showed an overall improvement in dealer satisfaction across the commercial vehicle segment https://lnkd.in/ddkR6UDe #HinoSouthAfrica #DSIAwards #CommercialVehicles #CustomerSatisfaction #AutomotiveIndustry #Teamwork #Innovation #Excellence

The commercial vehicle industry in South Africa is on the cusp of significant growth and innovation, despite facing macroeconomic challenges. At the recent Futureroad vehicle trade exhibition, Messe Frankfurt South Africa MD Michael Dehn emphasized the industry's role in driving innovation and supporting the economy, contributing 4.9% to GDP and employing over 110,000 people. Key insights from industry leaders highlighted the need for manufacturers to adapt to regulatory pressures, evolving societal expectations, and tight labor markets. The push for low-carbon emission technologies and cost optimization is crucial for sustaining growth. S&P Global Mobility forecasts that truck and bus production in South Africa will exceed 27,000 units by 2030. The future looks promising with increased use of telematics and video safety solutions, offering new avenues for growth in the commercial vehicle sector. However, questions remain on how to effectively roll out and monetize autonomous technologies. The industry is poised to embrace these challenges and seize new opportunities in the coming years. Read the full article here:  https://lnkd.in/dQWt5DJ3 #CommercialVehicles #Innovation #AutomotiveIndustry #SouthAfrica #FutureRoad #Sustainability #AutonomousVehicles