Why WeBuyCars has lost its shine
” Van der Walt says the current trading environment is impacted by the growth in the new vehicle market (increasing nearly 16% in the 2025 calendar year), aided by the aggressive rise of competitively priced Asian brands.“Management believes that whilst these market dynamics place pressure on the group in the short term, the buoyant new vehicle market and the growing penetration of Asian brands are expected to be positive in the medium-term for WeBuyCars.“The current strength of the new vehicle market in South Africa continues to place pressure on margins across the used vehicle sector.
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