Global wholesale and automotive aftermarket set to grow at a compound annual growth rate of 7.2%
The global wholesale and distribution automotive aftermarket market is expected to grow from $195.95 billion in 2021 to $217.93 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The wholesale and distribution automotive market is expected to reach $288.10 billion in 2026 at a CAGR of 7.2%. The main replacement parts in…
LG Energy Solution to supply batteries to Japan’s Isuzu Motors
South Korea’s LG Energy Solution is on track to supply Japanese commercial vehicle maker Isuzu Motors with an estimated 1 trillion won ($763 million) or more worth of batteries, a South Korean newspaper reported. LG Energy Solution is working with Isuzu to supply batteries for four years starting next year, starting with an electric vehicle version of…
Africa is the next frontier for Isuzu SA — CEO Billy Tom
The local subsidiary is ramping up exports and is establishing a semi-knock-down assembly plant in Ghana The recovery of the local automotive industry is seen through 29,545 units sold in June 2022, representing a 20.6% increase compared with the same month in 2021. The numbers don’t tell the full story though as the recent KZN…
United Auto Company 