JAC Motors South Africa has partnered with WesBank, a division of First Rand Bank Limited, to offer financial products to boost the brand’s expansion in Southern Africa. Established in South Africa in 2017, the company has experienced steady growth in its dealer network and customer base throughout Southern Africa in the past six years. Its product line-up includes double-cab bakkies, Light Commercial Vehicle (LCV) workhorses and Medium Commercial Vehicle (MCV) trucks.
Customers of the newly established JAC Finance will enjoy the innovative, cost-competitive financial solutions, strong customer focus, and end-to-end service that have made WesBank the country’s leading vehicle and asset solutions provider.
“We are delighted to partner with WesBank, offering comprehensive vehicle financing options to support JAC Motors’ growth plans and deliver outstanding value to our customers as they become part of the JAC family,” says Karl-Heinz Göbel, CEO of JAC Motors South Africa.
The executives of both companies formally signed the joint venture agreement last Tuesday during a ceremony held at WesBank’s Fairland, Johannesburg offices. This partnership will now roll out across JAC Motors’ national dealer network, comprising over 70 dealerships.
“We are excited about the opportunity to work with JAC,” said Colin Squair, Executive Head of Sales at WesBank. “Having established robust automotive finance alliances under our auspices, we believe that by merging our solid value proposition with this rapidly expanding brand, we can offer customers a unique and unparalleled experience.”
JAC Motors made headlines with the expansion of its T-Series double-cab bakkies, introducing its range-topping T9 earlier this year at the Shanghai International Automotive Show. South Africa is the world’s first right-hand-drive market to debut the company’s new flagship model. Locally, the brand is leading in battery-electric truck sales, capitalising on the local market’s shift towards adopting greener, cost-effective energy solutions to enhance the productivity of their transport fleets.
“The South African car-buying public increasingly values affordable vehicles that provide exceptional value, especially in challenging economic times. This alliance responds to the diverse group of South African customers who rely on financing options for their vehicle purchases.”
Göbel concludes: “We are incredibly enthusiastic about this new venture, JAC Finance, and its impeccable timing, aligning with the imminent October launch of the highly anticipated T9 double-cab. It allows us to better assist potential buyers’ mobility needs, providing top-class vehicles and outstanding customer service.
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James Endersby has grown research and insights agency, Opinium Research, from a small London start-up to an international insight agency with clients all over the world, including South Africa. His business grew 50 percent last year, and won an international research award for its work with the London School of Economics measuring democratic engagement around the world. Endersby helps build better futures for children from the poorest countries in the world in his postition as Interim Chairman for Street Kids International.