The digitally connected world has flipped the global automotive industry's customer-dealership paradigm on its head. As a result, a number of transformations are taking place, many of which directly affect the traditional dealership model. The 2016 Automotive Future Now Report by Innovation Group South Africa, explores the challenges and trends affecting the future of South African dealerships.
15 hours ago
Michael Frans, head of business operations: automotive at T-Systems South Africa, is a firm believer in the old adage 'the definition of insanity is doing the same thing over and over and expecting a different result.' It's no wonder that he speaks excitedly about the major shifts the automotive industry will be experiencing at the hand of disruptive technology.
Lauren Hartzenberg 1 day ago
TransUnion has reported in its first quarter 2016 Vehicle Pricing index (VPI) that economic pressures are pushing up car prices and squeezing sales in SA. Tough economic conditions have contributed to higher vehicle prices and lower sales volumes, as consumers increasingly look to more affordable cars or hold on to their vehicles for longer periods.
20 May 2016
Transport and fleet management company Super Group has concluded a deal valued at almost R1bn to buy a number of Mercedes-Benz dealerships and property in the Western Cape. Super Group said yesterday the net asset value of the transaction, which is subject to regulatory approval, was between R880m and R900m.
Fifi Peters 19 May 2016
Huge jumps in equipment sales in Russia and Europe helped Barloworld offset lower revenue from its Southern African businesses, its interim results statement on Monday showed. Overall group revenue rose 4% to R31.9bn in the six months to end-March from the matching period last year, and net profit declined 1.6% to R813m.
Robert Laing 17 May 2016
Uber wants to add more than 15,000 new job opportunities for partner-drivers in SA over the next two years as well as lift sharing and other new services, as it builds on the exponential growth it has seen since it launched in Johannesburg, Cape Town and Durban less than three years ago.
Hilary Joffe 17 May 2016
Well-known entrepreneur Elon Musk last month announced the launch of Tesla Model 3, a mass-market electric car. While the car will initially be released in the United States, South Africa has been listed as one of the countries where Tesla Model 3 will be released, with the expected arrival date to be 2018.
17 May 2016