Around 174 000 used cars have been financed in South Africa in the first seven months of 2015, says Absa Vehicle and Asset Finance managing executive Wessel Steffens. Print Send to Friend 2 0 This is 5.35% lower than the number of used cars financed for the same period in 2014 (183 563 units), and 14.15% higher than the number of used cars financed for the first seven months of 2013 (152 203 units).   “We measure the number of used.... Read more »

Posted on : Monday , 17th August 2015

NAIROBI – Rising demand for commercial vehicles and luxury cars pushed new and used motor-vehicle registrations in Kenya to nearly 100,000 units last year, according to the Kenya National Bureau of Statistics. Reporting in the agency’s 2015 economic survey, director general Zachary Mwangi notes the 102,606 newly registered motor vehicles in the country in 2014 was up about 9.0% from 94,017 units in 2013. Both totals include.... Read more »

Posted on : Monday , 17th August 2015

The Midas Group has changed its name to Africa Automotive Aftermarket Solutions (AAAS). It will commonly be referred to as Aftermarket Solutions. The Imperial Holdings Limited-owned entity unveiled its new name and brand identity at the inauguration today of its combined head office and distribution centre in Linbro Park, Johannesburg.   The name change comes as a result of the company's growth over the last sixty years, with greater.... Read more »

Posted on : Monday , 17th August 2015

 • New Ford assembly facility in Ikeja will begin operation in the fourth quarter of 2015 • Ford Motor Company partners with Coscharis Motors Limited in Nigeria • Nigeria to be first African country outside South Africa where Ford vehicles are produced Ford Motor Company has announced it will assemble its popular Ford Ranger pickup truck in Nigeria starting in the fourth quarter of 2015 as part of its expansion in Middle.... Read more »

Posted on : Monday , 17th August 2015

The cash-strapped Zimbabwe government has splurged about US$50 million on 633 vehicles which include all-terrain troop-carrying trucks, water cannons, buses and equipment, mostly used by military and police, as it secretly bolsters its instruments of repression to combat any possible Arab spring-style uprising due to the explosive socio-economic situation in the country, it has emerged.   Senior government officials said this week in.... Read more »

Posted on : Monday , 10th August 2015

Coscharis Motors, licensed owner of the Jaguar Land Rover in Nigeria, has once again proven that the future of the automobile industry largely depends on the innovations that come with the Information and Communications Technology (ICT), as the firm unveils its brand new Jaguar XE at the just-concluded Techie+ 2015 Conference and Exhibition, held in Lagos.   The event, which attracted global giants in the technology industry may in the.... Read more »

Posted on : Monday , 10th August 2015

Although an anticipated fuel and diesel price decrease will greatly help deeply indebted consumers, the relief might be only temporary, cautioned Debt Rescue CEO Neil Roets on Friday.   The fuel price is expected to go down by 49 cents a litre and the price of diesel by 70c/litre in August.   Earlier this week, the Automobile Association of SA (AA) said that in terms of current data it expects the petrol price to decrease by up to.... Read more »

Posted on : Friday , 7th August 2015

Barely one month after Volkswagen restarted production at the Nigerian plant to increase global market and sales potential, the auto company on Wednesday emerged world's largest carmaker by sales in the first half year, achieving its long-held ambition three years ahead of target.   Volkswagen's Africa Sales and Marketing helmsman Wolfgang Ratz, had recently said: "We are certain that further growth is possible, which is why.... Read more »

Posted on : Friday , 7th August 2015

Nairobi — General Motors East Africa (GMEA) Limited has signed a partnership with Auto Xpress that will see the company expand its after sales service network.   Through the union, Isuzu and Chevrolet customers will now access after sales service from Auto Xpress outlets countrywide.   Speaking during the signing, GMEA Managing Director Rita Kavashe said the move was part of General Motors strategy to ensure the customers.... Read more »

Posted on : Friday , 7th August 2015

 Big car dealerships like CMC Motors, Toyota Uganda, Nissan, Spear Motors and Tata all peg their rates to the dollar.   Mark Kass, the CMC Motors chief executive officer, said this week the decision to quote car prices in dollars was influenced by the high depreciation rate of regional currencies.   “East Africa’s currencies are depreciating at around two and half per cent every 10 years. For this reason, all our.... Read more »

Posted on : Saturday , 25th July 2015

 Japan’s Honda Motor Company has begun manufacturing cars in Nigeria, said the new chief executive Takachiro Hachigo   According to Hachigo, a part of Honda’s motorcycle factory in Nigeria has been retooled to manufacture Accord Sedans. The company plans to make 1,000 cars annually and hopes to increase production if the local market is responsive to the new car.   The Japanese car maker is one among many others to.... Read more »

Posted on : Saturday , 25th July 2015

The cost of importing used motor vehicles into East Africa will go up by five per cent from next month after EAC ministers adopted new car importation and valuation rules.   The ministers agreed to enforce the new rules, including standardised depreciation rates with effect from July 1.   In the new rules the depreciation rate for all motor vehicles imported to the region will range from 20-80 per cent (which is five per cent lower.... Read more »

Posted on : Tuesday , 14th July 2015