Market News
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Nigeria: Volkswagen Emerges World\'s Biggest Automaker Ahead of Toyota
Posted on :Friday , 7th August 2015
Barely one month after Volkswagen restarted production at the Nigerian plant to increase global market and sales potential, the auto company on Wednesday emerged world's largest carmaker by sales in the first half year, achieving its long-held ambition three years ahead of target.
Volkswagen's Africa Sales and Marketing helmsman Wolfgang Ratz, had recently said: &qu. . .
Kenya: GM, Auto Express Sign Deal for After Sales Service
Posted on :Friday , 7th August 2015
Nairobi — General Motors East Africa (GMEA) Limited has signed a partnership with Auto Xpress that will see the company expand its after sales service network.
Through the union, Isuzu and Chevrolet customers will now access after sales service from Auto Xpress outlets countrywide.Speaking during the signing, GMEA Managing Direc. . .
Uganda car dealers peg prices to US dollar as shilling woes continue
Posted on :Saturday , 25th July 2015
Big car dealerships like CMC Motors, Toyota Uganda, Nissan, Spear Motors and Tata all peg their rates to the dollar.
Mark Kass, the CMC Motors chief executive officer, said this week the decision to quote car prices in dollars was influenced by the high depreciation rate of regional currencies.“East Africa’s currenci. . .
Honda Motor Company begins car manufacturing in Africa
Posted on :Saturday , 25th July 2015
Japan’s Honda Motor Company has begun manufacturing cars in Nigeria, said the new chief executive Takachiro Hachigo
According to Hachigo, a part of Honda’s motorcycle factory in Nigeria has been retooled to manufacture Accord Sedans. The company plans to make 1,000 cars annually and hopes to increase production if the local market is responsive to . . .
Cost of importing used cars into the region set to increase by 5pc
Posted on :Tuesday , 14th July 2015
The cost of importing used motor vehicles into East Africa will go up by five per cent from next month after EAC ministers adopted new car importation and valuation rules.
The ministers agreed to enforce the new rules, including standardised depreciation rates with effect from July 1.In the new rules the depreciation rate for all moto. . .Please Select an Option
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