How WeBuyCars aims to double trading and grab 20% of the used vehicle market

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The group wants to expand its 60 'buying pods' by two or three a month and plans three new mega-showrooms in Rustenburg, Bloemfontein and the Vaal Triangle.

WeBuyCars wants to almost double trading volumes over the next five years as it aims to boost its market share to about 20% of SA’s used vehicle market.

The pre-owned vehicle trader, which is 74% owned by JSE-listed Transaction Capital, currently buys and sells between 12 000 and 12 500 new vehicles a month, but plans to grow those volumes to about 20 000 units a month over the next five years. It wants to ramp up its distribution of smaller buying"pods" across SA’s major metros and adding three new mega-showrooms in Rustenburg, Bloemfontein and the Vaal Triangle.Get 14 days free to read all our investigative and in-depth journalism.

 

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