Market Share of South Africa Used Car Industry
The South African used car market is considered to be fragmented, accommodating several leading players like Cars.co.za, Yallamotor, AutoTrader South Africa, and Cars 4 Africa. While several key offline used car dealers are focused on adopting expansion strategies like collaborative agreements, mergers, acquisitions, and expanding their online presence, other new entrants are encouraged to explore the market. They are actively focused on fleet expansion, varied offerings, etc. For instance,
- In February 2023, Planet42, a Used car marketplace in South Africa, invested USD 100 million to scale its operations across South Africa and Mexico. According to Planet42 managing director Grant Wing, the company aimed to capture about 1% of the used car market annually, translating to about 200,000 cars in total fleet size.
South Africa Used Car Market Leaders
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cars.co.za
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We Buy Cars
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Cars 4 Africa
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Autochek Africa
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Auto Pedigree
*Disclaimer: Major Players sorted in no particular order
