Latest news with #vehicleSales
Zawya
14 hours ago
- Automotive
- Zawya
Official Mobility live technology partner Keyloop
Keyloop has launched Fusion, a new end-to-end Automotive Retail Platform designed to streamline the entire vehicle sales and aftersales process for Middle East retailers. As the official Technology Partner of Mobility Live Middle East (24–25 June 2025), Keyloop will showcase its new end-to-end Automotive Retail Platform, Fusion, at the event. Dubai, UAE: Keyloop, a leading global automotive technology company, has launched Fusion, a new end-to-end Automotive Retail Platform (ARP) that will help motor retailers across the Middle East manage and optimise the full vehicle sales and aftersales process – from initial enquiry through to ownership and retention. The new platform will be showcased at Mobility Live Middle East (24 - 25 June 2025; Dubai World Trade Centre), where Keyloop is the event's official Technology Partner. Fusion incorporates four distinct 'domains' – Demand, Supply, Ownership and Operate – covering all key functions within a dealership business. Keyloop's Drive Dealer Management System (DMS) is now a critical element in the Operate domain. All of Fusion's domains draw upon information held in the system's Active Data Core, which provides users in all departments with a single comprehensive record of customer interactions and transactions. This is in line with their commitment to a way of working that prioritises outcomes: making efficiency, automation, and an AI-driven future a core part of their strategy. As it is cloud-based and powered by AWS, Fusion tools and functionality can be deployed rapidly and securely for organisations of all sizes, even major dealer groups operating in multiple countries and with distributed networks of sites representing a diverse portfolio of vehicle brands. Fusion uses 'Experience-First' technology that puts the customer at the heart of all activity, helping retailers deliver positive customer outcomes and amplify revenues through the full purchase and ownership cycle. It also streamlines and automates key processes to reduce operational costs, making businesses more agile. Keyloop pulls from over 9,000 OEM integrations to help facilitate a connected user and customer journey. Motor retailers can select those elements of the new Fusion ARP that best suit their requirements or introduce the full platform across their entire business. The areas of focus for Fusion's key domains are as follows: Demand: Helps retailers and OEMs maximise deal profitability through the use of convenient communication and ecommerce tools, omnichannel-enabled sales operation software and intelligent retention initiatives. It reduces cost per acquisition, increases lead-to-sale conversion rates, and improves customer loyalty. Supply: Allows retailers, OEMs and fleet suppliers to achieve maximum profit per unit by proactively managing vehicle supply through intelligent management of inventory and asset risk. Ownership: An aftersales-focused suite of resource and workshop management tools that increase efficiency and customer satisfaction. Enables retailers and OEMs to maximise workshop utilisation and income per visit. Operate: With the Drive advanced dealer management systems (DMS) at its core, Operate helps retailers and OEMs achieve peak operational efficiency, supporting faster, more informed business decisions. Visitors to Mobility Live Middle East will hear Tom Kilroy, Chief Executive Officer and Dean Gardner, Chief Customer Officer deliver a keynote speech focusing on how to create the latest digital retailing ecosystem. While Monzer Tohme, Managing Director Sales MEA, will chair a panel session with industry experts, discussing how connecting data leads to the delivery of better customer experiences. Keyloop will also have its own 48 square-metre stand where delegates will be able to see our connected Fusion technology in action and speak to our team on the day. Commenting on the launch of Fusion, Monzer Tohme said: 'Middle East is a critical growth region for Keyloop, and with Fusion we have a unique opportunity to unlock more value to the dealer network in the region. The four domains in our new connected ARP enable our retailer customers to benefit from the expertise of our team and the extensive reach of our technology. Our focus remains on simplifying the vehicle sales and ownership journey, staying true to our Experience-First principles. Fusion is more than just a technological solution – it's a transformative approach to reshaping our industry and delivering meaningful value to all stakeholders.' Tohme added: 'Today's evolving automotive ecosystem demands a more flexible, scalable, and integrated approach. Fusion is a clear and compelling proposition, guaranteed to drive value for our customers. It underpins a connected, data-driven approach which fosters customer trust, revenue growth and long-term loyalty.' Full details of Fusion can be found here
Zawya
6 days ago
- Automotive
- Zawya
South Africa new vehicle sales climb 22% in May as interest rate cut boosts confidence
South Africa's new vehicle market recorded strong growth in May 2025, with total sales rising 22% year-on-year to 45,308 units. The performance followed a long-anticipated 25 basis point cut in the repo rate by the South African Reserve Bank (SARB), a policy shift welcomed by the automotive sector as a boost to affordability, investment and industrial resilience. New passenger car sales reached 31,741 units in May, up 30% from 24,419 units in May 2024. Light commercial vehicles, including bakkies and minibuses, increased 5.8% to 10,938 units. Medium and heavy truck segments also posted solid gains, with medium commercial vehicles rising 22.7% to 660 units and heavy trucks and buses up 6.7% to 1,969 units. Dealer sales accounted for 88.4% of May volumes, with the vehicle rental industry representing 6.8%, corporate fleets 3.0%, and government 1.8%. Car rental alone made up 8.5% of new passenger car sales during the month. The SARB's action comes as inflation eases to 2.8%—below the 3%–6% target range—while the rand strengthens amid improved investor sentiment. Lower interest rates are expected to reduce borrowing costs for both consumers and manufacturers, encouraging capital expenditure, tooling upgrades and model retooling across the automotive value chain. Exports, however, fell 14.6% year-on-year to 30,112 units in May, down from 35,277 in May 2024. The decline was attributed to a major OEM halting production from mid-April to mid-May for facility upgrades ahead of a new model rollout. Year-to-date, export volumes remained 1.4% ahead of the same period last year. Naamsa also welcomed the ongoing discussions between National Treasury and the SARB on potentially lowering the official inflation target midpoint from 4.5% to 3.0%. A structurally lower inflation environment could support sustained rate cuts, improving affordability for consumers and competitiveness for exporters.
Zawya
03-06-2025
- Automotive
- Zawya
South African rand gains before manufacturing PMI, vehicle sales data
The South African rand gained some ground against a weaker dollar in early trade on Monday, 2 June 2025 ahead of a purchasing managers' index (PMI) survey for the domestic manufacturing sector and vehicle sales figures. At 0602 GMT, the rand traded at 17.9475 against the dollar, about 0.2% firmer than Friday's closing level. The Absa PMI for May is set to be released at 0900 GMT and will shed light on manufacturing conditions in Africa's most industrialised economy. Local investors will then turn their focus to vehicle sales data due around 1200 GMT, giving a snapshot of consumer demand for big-ticket items. Nedbank economists said they expect annual growth in new vehicle sales to have accelerated from 11.9% in April to 20.4% in May, reflecting last year's low base and easing financial conditions due to interest-rate cuts. The dollar last traded about 0.2% weaker against a basket of currencies as US-China trade tensions continued to simmer and investors turned defensive ahead of US jobs data. South Africa's benchmark 2035 government bond was little changed in early deals, with the yield up 0.5 basis points at 10.16%.
The Herald
03-06-2025
- Automotive
- The Herald
May figures: the best-selling cars in SA
May's new vehicle market in South Africa registered 45,308 sales against the 37,139 retailed in the same month last year. It was the eighth month in a row that sales have outperformed those of a year earlier. After five months of 2025, the market is 12.6% ahead of the same stage of 2024, up from 205,771 to 231,719 units. Brandon Cohen, chair of the National Automobile Dealers' Association (Nada), thinks the real market is stronger than it appears as 12 of the 24 Chinese brands selling vehicles here don't report their sales numbers. Lebo Gaoaketse, head of marketing and communication at WesBank, was cautiously enthusiastic about the figures. 'First quarter sales performed better by volume while displaying slower growth, indicating that the month was a solid volume performance rather than an overriding reason to celebrate,' he said. 'While volumes continue to be confidence-inspiring, household budgets remain under pressure,' said Gaoaketse.
Reuters
02-06-2025
- Automotive
- Reuters
South African rand gains before manufacturing PMI, vehicle sales data
JOHANNESBURG, June 2 (Reuters) - The South African rand gained some ground against a weaker dollar in early trade on Monday, ahead of a purchasing managers' index (PMI) survey for the domestic manufacturing sector and vehicle sales figures. At 0602 GMT, the rand traded at 17.9475 against the dollar , about 0.2% firmer than Friday's closing level. The Absa PMI for May is set to be released at 0900 GMT and will shed light on manufacturing conditions in Africa's most industrialised economy. Local investors will then turn their focus to vehicle sales (ZAVEHY=ECI), opens new tab data due around 1200 GMT, giving a snapshot of consumer demand for big-ticket items. Nedbank economists said they expect annual growth in new vehicle sales to have accelerated from 11.9% in April to 20.4% in May, reflecting last year's low base and easing financial conditions due to interest rate cuts. The dollar last traded about 0.2% weaker against a basket of currencies as U.S.-China trade tensions continued to simmer and investors turned defensive ahead of U.S. jobs data. South Africa's benchmark 2035 government bond was little changed in early deals, with the yield up 0.5 basis points at 10.16%.
