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South African luxury car market faces major restructuring

Local Industry

Aug 6, 2025

Staff Writer

South African luxury car market faces major restructuring

Luxury car sales in South Africa dropped 68% in a decade, forcing brands like Volvo, BMW & Lexus to restructure for sustainability.

New Managing Director for Subaru SA

Toshimitsu Tanaka succeeds Andrew Marshall as Managing Director of Subaru Southern Africa, bringing 30+ years of global automotive leadership.

Ramaphosa promises support package for exporters hit by US tariffs

President Ramaphosa unveils support measures for South African exporters hit by US tariffs, aiming to protect jobs and trade relations.

Ramaphosa Confident in SA Auto Industry's Future Amid Global Challenges

President Ramaphosa reaffirms commitment to South Africa’s automotive sector, emphasizing resilience and green mobility investments.

South African Diplomat Says US Demands on Affirmative Action Complicate Trade Talks

A senior South African diplomat states that U.S. demands on domestic affirmative action policies are complicating efforts to secure a trade deal.

Toyota SA shifts gears with online store launch

Toyota South Africa Motors introduces Shop Toyota, an e-commerce platform offering genuine parts, accessories, and merchandise nationwide.

Absa unveils tailored finance offer for Foton Asambe taxis

Absa introduces a four-year finance plan for Foton Asambe taxis, with monthly payments under R12,000, including RUTCO tracking and financial education

Absa and BYD power forward on green mobility

Absa partners with BYD to offer sustainable vehicle finance solutions, making electric vehicles more accessible across South Africa.

Motify Group sells DMS division to Pinewood.AI

Motify Group sells its dealer management system business to Pinewood.AI for £2.5M, focusing on autotech solutions in Southern Africa.

Goodyear Ends Century-Long Manufacturing Legacy in South Africa

Goodyear shuts its Kariega plant, ending 78 years of tire production in South Africa, affecting 900 jobs amid regional economic challenges.

Volkswagen Group Africa Advances A0 SUV Entry Project at Kariega Plant

Volkswagen Group Africa completes key upgrades at Kariega plant, entering commissioning phase for the A0 SUV Entry model set to launch in 2027.

The numbers tell a story of industry's ups and downs

In 2024, South Africa's automotive sector saw a 3% drop in new vehicle sales and a 22.8% fall in exports, marking the lowest since the pandemic.

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