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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