Auto24 Sengal Partners with Société Générale for Auto Loans

Auto24 Sengal has announced a partnership with Société Générale Sénégal to launch an auto loan product aimed at facilitating the purchase of used vehicles. The initiative comes in response to the rising demand for transportation in Senegal, where the used vehicle market saw a significant increase to 820,289 units in 2018. Auto24, an arm of Auto24.Africa, offers consumers cars with a six-month warranty, a one-year insurance policy, and initial maintenance services. This collaboration allows Auto24 to extend its financing services across various markets, including South Africa, Morocco, Rwanda, and Ivory Coast. Country manager Amadou Falilou underscores the firm's commitment to providing high-quality, certified vehicles while advancing sustainable mobility. Société Générale Sénégal Managing Director Harold Coffi views the venture as pivotal for promoting financial accessibility and social inclusion. Auto24, under the umbrella of Stellantis-backed Africar Group, operates informational platforms and expanded its presence in Morocco with new outlets. The Africar Group, under the ownership of Emerging Classifieds Ventures, runs automotive marketplaces in 45 African nations.