The one thing that can be said about our industry is that there is never a dull moment.

There was the news of the investment of USD 89 million by Naspers' classifieds business, OLX Group, in the Frontier Car Group. The Frontier Car Group is a company founded by 24-year old American, Sujay Tyle who is set to shake up the South African used-car market. Read more.

And, more recently, the news of a new Ponzi scheme with a BMW dealership and a biodiesel company based in Dubai made some headlines. Read more.

June 2018 Sales in a nutshell

The best used car sellers (only IDA dealers on the Signio platform)
VOLKSWAGEN
FORD
TOYOTA
BMW
HYUNDAI

The top three used commercial vehicle sales per manufacturer (bakkies)
RANGER 2.2TDCi XL P/U D/C
NP200 1.6 A/C P/U S/C
UTILITY 1.4 A/C P/U S/C

Top 10 derivatives used car sales
POLO GP 1.2 TSI TRENDLINE (66KW)
POLO 1.4 COMFORTLINE 5DR
POLO VIVO GP 1.4 CONCEPTLINE 5DR
FIGO 1.4 AMBIENTE
POLO VIVO GP 1.4 TRENDLINE 5DR
POLO GP 1.2 TSI COMFORTLINE (66KW)
FIESTA 1.4 AMBIENTE 5 Dr
COROLLA QUEST 1.6
ETIOS 1.5 Xs/SPRINT 5Dr
FORTUNER 3.0D-4D R/B

The average age of used vehicles sold in June 2018 was 3.96 years.

Good luck for the month of July.