Bank Windhoek expecting good car sales during motor show

WINDHOEK: Good motor vehicle sales are expected during the Bank Windhoek/Republikein Motor Show next month.

This is according to Bank Windhoek’s Executive Officer of Retail Banking Services, Chris Matthee, who spoke at the launch of the motor show in Windhoek on Tuesday.

It will form part of the Namibia Tourism Expo, which starts on 04 June and ends on 07 June.

“Looking at the statistics of new motor vehicle sales for March 2014, dealers should experience good sales during the motor show, as figures indicate that a record number of new vehicles were sold during March,” Matthee stated.

He said a total of 1 859 vehicles were sold in March, while 1 728 vehicles were sold during February, which represents an increase of 7.6 per cent. “In the first three months of 2014, a total of 5 086 vehicles were sold, making it the strongest three months on record,” he added.

This figure represents an increase of 63.2 per cent compared to the same period last year.

Matthee further thanked car dealers across the country, and said Bank Windhoek finds itself in a favourable position as far as market share is concerned, saying it would not have been the case if it was not for the dealers’ support.

The 2014 Bank Windhoek/Republikein Motor Show will offer potential buyers special offers such as a repayment period of 72 months at the normal interest rate for loan amounts exceeding N.dollars 100 000; or an interest rate of prime less one per cent on all transactions excluding those repaid over 72 months.

One lucky customer who finances his or her vehicle through Bank Windhoek during the Motor Show also stands a chance to pay zero per cent interest, capped at a maximum amount of N.dollars 100 000.

The first 200 clients to purchase a vehicle will in addition be rewarded with a weekend for two at any Gondwana Lodge, breakfast included.

The expo’s organisers Namibia Media Holdings (NMH), formerly known as Democratic Media Holdings (DMH), has also concluded an agreement with Viglietti Motors in Cape Town. The company imports and sells Ferraris and other exclusive brands, and will be displaying Ferraris during the expo.

Readers of the three newspapers owned by NMH – Republikein, Namibian Sun, and Allgemeine Zeitung – also stand a chance to win a test drive in one of the cars.

As part of Ferrari’s commitment to the Namibian market, they will also service Ferrari owners’ vehicles during the expo.

So far, more than 280 exhibitors have registered for this year’s expo, which is taking place under the theme ‘No Limits’.