Business
WeBuyCars Shifts Gears with 12,000 Parking Bays and Soaring Profits in 2025
JSE-listed vehicle trading giant WeBuyCars has hit the accelerator in 2025, swinging to a headline profit of R508.2 million for the six months ended March, up from a loss of R69.5 million in the same period last year.
The group saw revenue climb by 15.2% to R13.13 billion, as both buying and selling volumes grew strongly. Units bought rose 12.9% to 92,339, while sales climbed 13.5% to 91,392 vehicles.
A standout highlight of the results is the 13.3% increase in parking capacity, taking total bays to 11,902 — a reflection of the company’s aggressive expansion in the face of improving economic sentiment and consumer demand for used vehicles.
“We’ve seen pre-owned trading conditions stay buoyant, driven by stable inflation, falling interest rates, and a rise in consumer confidence,” the group said in its results announcement.
New Records and Bigger Footprint
WeBuyCars not only grew volumes but also hit an all-time monthly record of 16,294 units sold in November 2024. The company now operates 17 large vehicle supermarkets and has expanded its buying pods network to 93 nationwide, enabling faster, decentralized transactions.
The 30 cents per share dividend declared — based on 25% of headline earnings — is a vote of confidence in the group’s financial position and growth prospects.
Macro Tailwinds and Election Confidence
The strong performance follows a relatively stable political and economic climate in late 2024, with the formation of a Government of National Unity (GNU) and three consecutive interest rate cuts helping stimulate vehicle demand.
Additionally, the rollout of the two-pot retirement system put more liquidity into consumers’ hands, further supporting second-hand car sales.
However, momentum cooled in early 2025 amid growing concerns around the GNU’s stability, potential VAT hikes, and new US trade tariffs.
Looking Ahead: Cautious Optimism
Despite these uncertainties, WeBuyCars remains “cautiously optimistic”, citing resilience in the local motor industry and a rebound in new vehicle sales as signs of underlying strength.
“We are well-positioned to navigate global volatility using innovation and advanced real-time data analytics,” the company said.
Looking forward, lower interest rates are expected to continue supporting the market, especially for customers relying on vehicle finance.
The group said it would continue to expand operations responsibly, with an eye on long-term growth in South Africa’s evolving mobility landscape.
Key Takeaways from WeBuyCars HY2025 Results
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Revenue (R billion) | 11.4 | 13.13 | +15.2% |
| Headline Earnings (R million) | -69.5 | 508.2 | >100% |
| Headline Earnings Per Share (cents) | -20.7 | 121.8 | >100% |
| Units Bought | 81,785 | 92,339 | +12.9% |
| Units Sold | 80,538 | 91,392 | +13.5% |
| Parking Bays | 10,509 | 11,902 | +13.3% |
With headline earnings back in the black, a growing national footprint, and rising consumer demand, WeBuyCars is not just recovering — it’s thriving. The company’s focus on innovation, efficient expansion, and data-driven decisions positions it as a strong player in South Africa’s used car market for 2025 and beyond.
{Source: BusinessTech}
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