Cars45, Kia trade over 300 vehicles, unlock new value opportunities in Nigeria’s Automobile Industry

Must Read

REGIONAL ROAD: Lagos Govt Revokes Titles of Lekki Land Encroaching Right-of-Way

…Elegushi Royal House loses part of family land to road construction Sequel to the order by the Lagos State Governor,...

South African Insurance Group Takes Full Ownership of FBN Insurance in Nigeria

South African Insurance group Sanlam becomes the only shareholder in the Nigerian life insurance company FBN Insurance and its...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...
Cars45, Kia trade over 300 vehicles, unlock new value opportunities in Nigeria’s Automobile IndustryCars45, Kia trade over 300 vehicles, unlock new value opportunities in Nigeria’s Automobile Industry

Riding on its partnership with KIA Motors, Nigeria’s leading online marketplace to buy, sell or swap a car, Cars45 has carried out over 300 transactions on KIA vehicles since the partnership was announced in January 2018.

This disclosure was made in Lagos where both companies announced that they were expanding the partnership to accommodate more car brands which enable consumers to have more choices when they want to buy, sell or swap their cars through Cars45 at any KIA location across the country.

Cars45, Kia trade over 300 vehicles, unlock new value opportunities in Nigeria’s Automobile Industry

Speaking Chief Financial Officer, Cars45, Jide Adamolekun, noted that the partnership has improved car ownership in Nigeria. “We launched this partnership January last year and at the end of the year, we reassessed how far we have gone and examined the opportunities that we have created in the Nigerian market. Cars 45 carried out over 300 transactions via this relationship last year and we have seen the future whereby making more brands available to consumers we will help unlock more value in the nation’s automotive space”, Adamolekun said.

- Advertisement -

He added that “we are proud that we have enabled consumers on their journey irrespective of whatever side of the economic spectrum they fall. We hope to move with KIA beyond our current operations in Lagos, Port Harcourt and Abuja to new cities and territories across the country making cars affordable to the Nigerian populace.”

On the value of the partnership, Olawale Jimoh, Marketing Manager, KIA averred that it has been a very wonderful and rewarding experience which has seen both parties record so many gains. We have seen the sale of used KIA cars rise as Cars45’s structured arrangement of buying and selling used cars has brought transparency and credibility, taking away the associated stress with selling locally used vehicles,” Jimoh stated.

Furthermore, he said, “it is against the backdrop of the successes recorded that we are now expanding this relationship to a more robust arrangement such that regardless of the car brand that you are driving, you can experience the rich range of value offerings provided by Cars45.”

Read Also:  Why Nigerians are not buying Innoson cars - Investigation

Vice President, Trading, Cars45, Mohammed Iyamu, expressed his happiness that the progress made on this journey has been impressive by all standards. “We did about three hundred cars last year, we are looking to triple that volume, go to other cities and grow in leaps and bounds this year. A missing link in Nigeria’s automotive industry is financing. If you look at a market like say, South Africa, 70 per cent of the cars on the road are financed one way or another. Cars45’s trade-in/ swap scheme has served as a means of financing for many and so we would be looking at adding more value to this partnership end to end.

- Advertisement -

On next steps, Iyamu said that, “we are looking to provide new services to our customers that include repairs and workshop services, we are also looking to partner with other service providers in the automobile industry especially those who deal in accessories and also partner with financial institutions to provide financing for certified Cars45 car purchases.”

Read Also:  Hyundai and Kia Make Strategic Investment in Arrival to Co-develop Electric Commercial Vehicle

The event also provided an opportunity for Cars45 to showcase the achievements of its sister brand, Carsbazr which provides a stress-free experience for Nigerians to buy verified locally used cars that they can trust at the best prices.

According to John Egwu, Head of Operations, Carsbazr, “affordability is at the heart of what we do. Whatever car you are looking to buy at your individual price point, we’ve got you covered. All our cars have a standard report and there are no hidden details about any cars. Our weekly live auctions, which have become a game changer within the automobile community in Nigeria, also provide a great opportunity where people are able to go home with vehicles that they can afford in a convivial and fun environment.”

- Advertisement -
Cars45, Kia trade over 300 vehicles, unlock new value opportunities in Nigeria’s Automobile IndustryCars45, Kia trade over 300 vehicles, unlock new value opportunities in Nigeria’s Automobile Industry

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Cars45, Kia trade over 300 vehicles, unlock new value opportunities in Nigeria’s Automobile IndustryCars45, Kia trade over 300 vehicles, unlock new value opportunities in Nigeria’s Automobile Industry

Latest News

Impact of COVID-19 Pandemic will be Minimal on Lagos – Commissioner

… Says First Quarter of 2020 Budget Performance Better Than 2019 Lagos State Commissioner for Economic Planning and Budget, Mr....

COOCAA TV Bounce Back Sale | Up to 50% Off on Lazada Philippines

MANILA, PHILLIPINES - ACCESSWIRE - June 4, 2020 - We all know that we should be staying safe at home. What better way to...

Singapore’s LABMED shipped over 20 million masks to meet global demand

Rising Singapore medical equipment company has been supplying much needed masks, PPEs to Covid-19 hotspots worldwide SINGAPORE - Media OutReach - 4 June 2020 - Singapore based LABMED...

Guinea’s smartphone manufacturer Kunfabo signs deal with MTN for the distribution of its products

Created by Fadima Diawara, Kunfabo is a Guinean manufacturer of low-cost smartphones. It signed an agreement with a consignment store with the mobile operator...

Top Five Robot Movies

5. I-Robot In this movie, Will Smith really immersed himself in the character and deliver almost perfectly. He hated Robots and was highly motivated to...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Cars45, Kia trade over 300 vehicles, unlock new value opportunities in Nigeria’s Automobile IndustryCars45, Kia trade over 300 vehicles, unlock new value opportunities in Nigeria’s Automobile Industry