WeBuyCars Holdings reports significant growth in sales and expansion plans

WEBUYCARS Holdings management said they had made significant increases and enhancements to their buying and selling capacity during the six months to March 31.

- EDWARD WEST

The motor industry sales uptick in the first few months of 2025 signals an improvement in consumer confidence and a resilient appetite for mobility, despite broader economic pressures, management said at the release of the interim results on Monday. The group, which listed on the JSE on April 11, 2024, said it would pay a 30 cents a share interim dividend. Core headline earnings increased by 26.4% to R508.2 million after the number of used units sold increased 12.9% to 92 339, while the number of units bought increased 13.5% to 91 392.