New vehicle sales in South Africa have been under a lot of pressure since the beginning of 2024. For the first half of this year [January to June], the cumulative new vehicle sales were tracking at 7,6% below the corresponding period in 2023. Since August last year when the declining slope in new vehicle sales commenced, 10 of the 11 months reflected year-on-year decreased sales while the trend also worsened up to June 2024. Similarly, vehicle imports declined in line with weak trading conditions. Vehicle exports also lost momentum since the beginning of 2023, negatively impacting vehicle production volumes as two out of every three vehicles produced are exported.
The picture painted above is real but cannot be business as usual. This thought leadership roundtable will bring together industry experts, business leaders, and key stakeholders to discuss the current landscape and future of the South African automotive retail environment. We need a conversation that would help us stimulate the market and get the market back to a growing trajectory. The roundtable discussion will feature two panels focusing on distinct aspects of the industry, accompanied by three keynote addresses that will set the tone and provide in-depth insights.
What it takes to rewire end-to-end Customer Engagement, from Marketing to Commerce to Sales & Service – to become a customer-obsessed mobility company with technology and retailer DNA.
The impact of digital technologies on the automotive retail sector, including online sales, digital marketing strategies, and the role of data analytics in enhancing customer experiences.
This discussion will explore the United Kingdom’s journey in transitioning to electric vehicles [EVs], highlighting both the successes and challenges encountered. By examining the UK’s experiences, we can identify valuable lessons and opportunities that could benefit South Africa as it embarks on its own EV transition.
Strategies for building resilience in the automotive retail sector, addressing transition, talent development, strategic partnerships, and industry resilience.