Frost & Sullivan Podcasts

Topic Discussed : South Africa Automotive Aftermarket Industry, Forecast to 2023Speakers : Zaheera AhmedKey Takeaways :1) VIO in South Africa grew by 3.3%; vehicle age continued to remain stable at an average of 12.2 years. Total vehicles in operation (VIO) increased to 9.97 million in 2018, which created incremental growth opportunities for replacement and maintenance-related services. 2) Investment into the vehicle manufacturing sector continued to grow strongly with a number of OEMs raising production capabilities or introducing new models. Component manufacturers’ followed-suit with the need to improve capabilities and capacity. Exports of new vehicles are driving investment into the sector.3) The non-OEM aftermarket constitutes 70%-80% of the sector while authorized dealers make up the remaining 20%-30%.4) Suppliers increasingly participated in direct eRetailing – a number of online businesses have opened with great success. Traditional bricks and mortar retailers are gradually developing online cap