Wesbank

New vehicle sales stumbled in August, showing the first potential signs of strain amidst economic headwinds. The market has performed resiliently despite tightening household budgets, low business and consumer confidence, and impact of the energy crisis among other factors. According to figures released by naamsa | the Automotive Business Council, SA’s new vehicle sales fell …

The sixth Festival of Motoring, powered by WesBank, kicked off this week with the customary Media Day, where local automotive journalists were given an insider’s perspective of the Festival and the automotive industry in general. As a key theme during his keynote address, Ghana Msibi, WesBank CEO, highlighted several significant trends that are shaping the …

There are few achievements that surpass the feeling of buying your first car, which, in most cases, is the greatest aspiration for graduates as they approach the point of starting a career. More than being a status symbol, owning a reliable car is an important mobility enabler in South Africa, particular in areas with erratic …

New vehicle sales held their own during July, showing marginal growth year-on-year, to record 43,389 units. According to figures released by naamsa | the Automotive Business Council, this represents growth of 1.3% compared to July last year. “It isn’t surprising that the market appeared more subdued during July than the 14% growth experienced during June,” …

In the face of rising living costs, fluctuations in the interest rate and high fuel costs, WesBank recognises the increasing need for consumers to look at purchasing a cost-effective pre-owned vehicle as opposed to a brand-new model. The bank aims to provide valuable advice to prospective buyers on navigating the pre-owned market and avoiding common …

Some economists have argued that the economy is in a far healthier state than the broad perception might give it credit for. The country’s ability to have displayed any growth at all during the first-half of the year in the face of some of the worst levels of rolling blackouts the country has experienced is …

Buying a car is, without doubt, one of the biggest financial decisions most people will make in their life. It is not surprising, therefore, that buyers approach the car buying process with extreme caution, and in most cases, prefer to deal with a physical salesperson that they can see and touch. This is despite most …