Largest and most advanced online automotive portal network in Sub Saharan Africa.
AfricarCar Group’s Current Markets
Population: ~1 billion.
Direct addressable market: ~250 million.
Average GDP growth: ~4%.
Average GDP per capita: ~2,500 US$.
Median age: ~20 years.
Internet users: ~400 million.
Social media users: ~300 million.
✓ 46 Portals in 46 countries.
✓ Covering the whole of Sub Saharan Africa: West Africa, Central Africa, East Africa and Southern Africa.
✓ Multi language portals in English, French, Swahili, Arabic, Hausa, Portuguese, Spanish, Shona, Tswana, Amharic, Oromo, Wolof, Chinese, Yoruba and Somali.
✓ Number one automotive portal in 75% of the 46 markets.
✓ Local domain names, brands, content, currencies & local partners.
✓ Over 150+ online assets of both portals & social media platforms creates an extensive national and regional ecosystem with substantial reach.
✓ Strong regional and local partnerships.
✓ Auto24.africa, a new subsidiary of Africar Group, is an African used vehicle start-up bringing new and innovative solutions ensuring transactions are conducted in a transparent and secure way.
✓ Servicing its 46+ platforms effectively and efficiently from centralised tech, and operation and regional teams.
✓ Strong tech focus using advanced automation tools, AI, latest SaaS tools and integrated micro services.
✓ Company well positioned to build the most and best automotive data in the region.
✓ Integrated Dealership Management Systems for African automotive dealerships.
✓ Company in growth stage to capture the growing online opportunity in this close to 1 billion people strong emerging market which will double to 2 billion by 2050.
✓ High population growth region with increasing levels of internet connectivity, smartphone usage and social media penetration.
✓ Regional HQ’s in Morocco, Ivory Coast, Botswana, Dubai and Sydney.
✓ 70% ECV ownership. 30% ownership by Stellantis, one the larger global automotive players.
✓ Started 2017.
✓ Open to invest in or partner with local or regional players in the automotive industry.