Auto Insights | October 2022
SA’s auto industry in rush hour!
A busy period with resilient sales, new products and SA Auto Week
It’s been a busy time for all in the auto industry.
Resilient SA market shrugs off obstacles to growth
New vehicle sales continued to climb in September despite local and global headwinds. We unpack some of the key data and trends in our lead story Resilient SA market shrugs off obstacles to growth.
Lightstone at SA Auto Week
Let’s reimagine the future together
Lightstone was a proud strategic partner at SA Auto Week’s “Let’s reimagine the future, together” networking and thought leadership conference, and we share some highlights with you here.
Rapid growth of electric vehicle sales on Signio
One of the topics of discussion at SA Auto Week was the rapid growth of the hybrid and electric vehicle market. In Rapid growth of electric vehicle sales on Signio, we highlight that non-ICE sales have increased by 140.8% in the first nine months of 2022 compared to 2021’s twelve months, with Toyota the popular choice and women buyers are increasing.
Hybrid and electric vehicle sales surge in 2022
We explore this category a little further in Hybrid and electric vehicle sales surge in 2022 and discover that traditional hybrid (HEV) and battery electric vehicle (BEV) sales have soared in the first nine months to end September 2022, pushing market share to 1.1% of total new passenger vehicle sales – the first time it has been above 1% in the January to September window.
Product News
VAP Activation Tool
In product news, Lightstone is proud to announce the launch of the VAP Activation Tool, a first-of-its-kind solution that makes it easier for Lightstone Signio users to activate their VAP supplier of choice, quickly and easily.
Risky Business
LIVE helps manage and mitigate Dealership risk
And with rising vehicle theft and fraud, it’s more important than ever for dealerships to make sure they are not buying a stolen or otherwise encumbered vehicle – in Risky Business, LIVE helps manage and mitigate Dealership risk we look at how Lightstone can help Dealerships.
Lightstone Star Reacher F&I Awards programme
Last, but by no means least, we announce our quarterly winners in the Lightstone Star Reacher F&I Awards programme, which recognises and rewards top performing F&I Managers, with great quarterly and annual rewards.
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