Automotive Retail Financial Performance Trends – April 2022 – February 2024

World trade is under pressure, given the middle east conflict  and its impact on shipping together and the conflict in Ukraine . Expected strong performance in Asian economies will have a positive outcome.

The outlook for South Africa will see the effect of load shedding, congestion at ports, inflation in all categories rising. National elections have traditionally had a dampening impact on consumer confidence.  Interest rates will remain at existing levels.

Celebrating Excellence: Highlights from the 2023 MSXi | NADA Dealership of the Year Awards and honouring automotive icons

The retail motor industry was alight with celebration as the 2023 MSXi | NADA Dealership of the Year Awards unfolded at The Houghton Hotel in Gauteng on Thursday, 15th March 2024. This prestigious event, held as part of the culminating #NADA Dealer Connect 2024, brought together industry luminaries, stakeholders, and dealership leaders for a night of recognition and camaraderie.

A highlight of the unforgettable evening was the presentation of Lifetime Achievement Awards. celebrating individuals who have made extraordinary contributions to the automotive industry.

In the slow lane, but consumers are much bolder in their bodyshape preferences

Consumer preferences for Light Vehicle bodyshapes have shifted over the last five years – read how in this edition of Lightstone’s Auto Insights. In Lightstone’s regular market overview, we discover that total new vehicle sales were up by 0.5% in 2023 over 2022, but lagging sales recorded in 2019. Paul-Roux de Kock, Chief Analytics Officer at Lightstone shared insights at the recent Automechanika Johannesburg CEO event which you can read about here, and Lightstone announces that its Repair History is now available on LIVE and the Lightstone Auto App and RiskMonitor has been added to Signio.

#NADA Connect 2024 – a significant event in the retail automotive industry calendar

The National Automobile Dealers’ Association (NADA) recently concluded its highly anticipated 8th annual conference, #NADA Connect 2024, which brought together senior dealership personnel, industry stakeholders, and independent dealers. With a remarkable attendance of over 200 delegates, this conference marked a significant event in the retail automotive industry calendar.

At the core of the conference was the NADA Dealer Performance Programme, encompassing regional roadshows, webinars, and the prestigious MSXi NADA Dealership of the Year Awards. The event featured a comprehensive agenda, supported by sponsors such as, Dimension Data, Lightstone, MSX International, NADA, and WesBank.