Press Room

2018/10/01

Dealers endure economic headwinds in 2018

Posted in category: New Vehicle Sale Commentary

New vehicle sales for September were down 1.9% year-on-year with a total of 49 670 units sold according to the latest aggregate sales data from the National Automobile Association of South Africa. From a year-to-date point of view, total industry sales were on par with the first nine months of 2017, coming in marginally lower at -0.8%.

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2018/09/17

WesBank announces its continued support of the Cars.co.za Consumer Awards

Posted in category: Thought Leadership

WesBank, South Africa’s leading vehicle and asset finance house, is proud to announce that it will be the title sponsor of the 2019 Cars.co.za Consumer Awards. This will be the third consecutive year that WesBank is sponsoring this prestigious awards programme, which has grown year on year in stature, reach and influence.

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2018/09/03

Dealers show resilience in tough new vehicle market

Posted in category: New Vehicle Sale Commentary

While new vehicle sales in August showed a decline of 2.5% year-on-year, the performance of the industry has remained relatively flat from a year-to-date perspective at -0.6% over the first eight months of 2018.

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2018/08/01

New vehicle sales growth supported by dealer channel

Posted in category: New Vehicle Sale Commentary

South Africa’s total new vehicle sales were up by 2.6% year-on-year in July, with 47 881 units sold versus 46 671 in the corresponding month last year.

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2018/07/02

New vehicle sales are tracking in line with WesBank's 2018 forecast

Posted in category: New Vehicle Sale Commentary

At the start of the year WesBank released its new vehicle sales prediction of 0.75% growth for the total industry. When comparing its projection with data released by the National Association of Automobile Manufacturers of South Africa (Naamsa) for the first half of the year, WesBank is comfortable with new vehicle sales performance tracking only 5% behind its forecast.

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Spokespeople profiles

WesBank - CEO
Chris de Kock

WesBank - CEO

Chris de Kock took over as CEO of WesBank on 01 October, 2013 after occupying the Head of Sales and Marketing role for five years. He joined WesBank in 1987 as a New Business clerk in the Motor division and spent time working in the Corporate, Marketing, Fleet and Insurance divisions. Chris has a Bachelor of Commerce degree from UNISA and completed the Advanced Executive Program at Harvard in 2005.

WesBank - CEO of Corporate
Gerald Burton

WesBank - CEO of Corporate

Gerald Burton was appointed CEO of the Corporate Division in September 2016 after filling the position of General Manager of Corporate Division since 2009. His role requires him to focus constantly on building and delivering Instalment Sales, Leasing, Rental and Fleet Management solutions for the South African corporate market. Gerald joined WesBank in 1991 in a sales role and has over the years, contributed extensively to both the Retail and Corporate divisions at the bank.

For more information, contact us

Telephone: (011) 632 6000

Email: pr@wesbank.co.za