Stellantis invest in Africar Group to create Auto24, African used vehicle start-up
• Auto24, new subsidiary of Africar Group, launches its activities in Ivory Coast
• Africar Group is a class leading and multi country digital automotive marketplace across Sub-Saharan Africa
• Stellantis investment aims at accelerating its used vehicle (UV) business on the buoyant African UV market
• Auto24 is a faster and safer way to buy and sell used vehicles in Africa
Africar Group and Stellantis announce the launch of Auto24 activities in Abidjan, Ivory Coast. Auto24 is a direct to consumer used car company that brings new, innovative solutions ensuring transactions are conducted in a transparent and secure way.
With the African population set to reach 1.7 billion by 2030 and a carpark already at 50 million units, Stellantis has taken a stake in Africar
Group to create Auto24 and take advantage of this market potential.
This investment is a new building block in the global strategy of Stellantis to develop its mobility solution portfolio and reinforce its commitment to customer centricity. It is also an illustration of the plan Dare Forward 2030, in one of the seven accretive businesses targeted by Stellantis.
Operating in more than 40 countries in Sub-Saharan Africa, Africar Group is Africa’s leading online automotive marketplace network.
During the last five years, it has enabled over 25 million car buyers and sellers to Extrapoled from OICA report : https://www.oica.net/category/vehicles-in-use/
