Auto24 South Africa Joins Forces with IMotoIMoto to Boost Car Sales
Deal News | Feb 03, 2025 | Aim Group
Auto24 South Africa, a used-car recommerce platform, has partnered with IMotoIMoto.co.za, an auto marketplace, to enhance the visibility of its certified pre-owned vehicles. Both companies are linked through their association with AfriCar Group, which is backed by Stellantis and predominantly owned by Emerging Classifieds Ventures, an Australian marketplace operator. Auto24 South Africa falls under Auto24 Africa's umbrella, operating as a c-to-b-to-c marketplace that acquires quality cars from various recognized sources. The collaboration has led to Auto24 being featured on IMotoIMoto and IMotoNews, enhancing market exposure amidst popular competitors like AutoTrader.co.za and Cars.co.za. Despite IMotoIMoto's relatively low traffic, Auto24 aims to expand its market presence through this strategic move.
Sectors
- Automotive E-commerce
- SaaS-enabled Marketplaces
Geography
- South Africa – The primary focus of the article pertains to Auto24's operations within South Africa.
- Australia – Emerging Classifieds Ventures, the majority owner of AfriCar Group and linked to the article, is based in Australia.
Industry
- Automotive E-commerce – The article focuses on online platforms dealing with automotive sales, specifically used cars, which categorizes it under Automotive E-commerce.
- SaaS-enabled Marketplaces – AfriCar Group supports SaaS-enabled marketplaces, which involves providing software solutions facilitating transactions as discussed in the article.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Auto24 South Africa | Target Company | Company | A used-car recommerce site operating in South Africa under the Auto24 Africa banner. |
IMotoIMoto.co.za | Collaborating Marketplace | Company | An automotive marketplace in South Africa partnering with Auto24. |
AfriCar Group | Supporting Group | Company | A group backed by Stellantis and linked with Auto24 and IMotoIMoto, supporting marketplaces in Sub-Saharan Africa. |
Emerging Classifieds Ventures | Majority Owner | Company | An Australia-based marketplaces operator, majority owner of AfriCar Group. |
Stellantis | Financial Backer | Company | An automotive manufacturing company providing financial backing to AfriCar Group. |