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Jumia-Coscharis partnership: Luxury car buyers to save millions of naira

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Following the recent partnership agreement reached by Coscharis Motors and Jumia Marketplace Company, indications are that future Nigerian buyers of luxury automobiles would save millions of naira, provided they are bought through Jumia’s online shop.
Jumia Nigeria’s Head of Partnership and Payment Solution, Omolara Ajele Awoyemi, made the disclosure during presentation of a brand new Ford Figo to the winner of recently concluded Jumia Black Friday raffle draw held at Ford showroom, Victoria Island, Lagos, on Wednesday.
According to her, because of the partnership between Coscharis and Jumia, buyer of luxury cars can save as much as N15 million on one car.
“As a result of the partnership with Coscharis,” Awoyemi explained, “ if you want to buy a Jaguar for example, you can get it for like N30 million in their showroom but on Jumia the car is going for like N15 million. We have several models like Range Rover, BMW series. If you go on jumia.com.ng/coscharis today, you will see all range of models that Coscharis has presented to us at a discount.
“This partnership is not for a short time. It is not just for Jumia Black Friday. As long as Jumia exists, Coscharis will be a part of us. We hope everything goes well so that both brands can benefit from the partnership as much as possible. All things being equal, this partnership is a long time one for us.’’
Speaking at the occasion, Coscharis Group’s General Manager, Marketing & Corporate Communications, Abiona Babarinde said his company had no doubt that partnership agreement with Jumia would yield positive results, because, according to him, Coscharis is known for giving customers value for their money.
He said: “Coscharis Motors is excited to have partnered with Jumia to deliver this wonderful year 2017 Black Friday Sales promo.
“As I said at the media launch of the promo, we will always seek new ways to delight our customers and give them value for their money, no matter the platform on which they wish to patronize us, online or offline. Jumia’s online platform has really helped us to fulfill that desire.
“The fact that the promo was greeted with massive patronage, in a market which has developed cold feet towards such promos, due to failure by some firms to deliver on their promise, speak volumes concerning the amount of confidence reposed on both Coscharis and Jumia by the market.
Thus we are gathered here today to witness the fulfillment of our promise to giveaway the prize to the winner of the promo.”

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AutoBeat / Auto Trends

Motoring Tips: 38 FRSC Traffic Offences & Their Penalties

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If caught violating a traffic rule and you wish to wave your right to a court trial, the alternative is to pay the prescribed fine for the particular offence.

In line with our vision to engender an enlightened society with emphasis on the automotive sector, Autojosh presents a list of FRSC traffic offences together with their corresponding penalties.

  1. Traffic/Sign violation

•Penalty: N2, 000

 

  1. Road obstruction

•Penalty: N3, 000

  1. Route violation

•Penalty: N5, 000

  1. Driver’s Licence violation

•Penalty: N10, 000

  1. Dangerous driving

•Penalty: N50, 000

  1. Speed limit violation

•Penalty: N3, 000

  1. Vehicle Licence violation

•Penalty: N3, 000

  1. Driving under alcohol or drug influence

•Penalty: N5, 000

  1. Driving with worn-out tyre or without spare tyre

•Penalty: N3, 000

  1. Driving without or with shattered windscreen

•Penalty: N3, 000

  1. Overloading

•Penalty: N5, 000

  1. Driving without seatbelt

•Penalty: N2, 000

 

  1. Driving a vehicle without forged documents

 

Penalty: N20, 000

 

  1. Failure to report an accident

 

Penalty: N20, 000

 

  1. Vehicle number plate violation

 

Penalty: N3, 000

 

  1. Wrongful overtaking

 

Penalty: N3, 000

 

  1. Road marketing violation

 

Penalty: N5, 000

 

  1. Caution violation

 

Penalty: N3,000

 

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AutoBeat / Auto Trends

Hyundai posts strong April 2018 global sales

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Hyundai Motor Company, South Korea’s largest automaker and No.1 Selling Korean automaker in the world, has announced its global sales results for April 2018, posting a total of 391,197 units sold, up 11.1 per cent from a year earlier.

The highest growth since December 2014 was led by strong sales of new SUV models – the all-new Santa Fe and Kona – while a recent sales rebound in the Chinese market also largely contributed to the growth.

Sales in overseas markets totaled 327,409 units, representing an increase of 12.2 per cent year-over-year. Sales increased significantly as the company’s popular subcompact SUV Kona expanded to key markets and demand remained strong in emerging markets such as Brazil, Russia and India.

Sales in the Korean market increased by 5.7 per cent compared to the same period of the previous year, recording 63,788 units sold. The all-new Santa Fe became the best-selling model in Korea for the second consecutive month, posting 11,837 units sold.

Hyundai Motor plans to maximize profitability by continuing its SUV sales momentum globally.

Monthly sales figures provided in this press release are unaudited and on a preliminary basis.

Hyundai Motor currently has overseas plants in Brazil, China, the Czech Republic, India, Russia, Turkey and the U.S.

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AutoBeat / Auto Trends

Volkswagen forecasts Nigeria automobile market rebound

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Volkswagen AG expects a rebound in vehicle sales in Nigeria as the economy recovers, the head of the company’s South African operations said.

Sales in the West African nation dropped to less than 40 units last year, according to the company. Nigeria was one of several African oil exporters hit hard when crude prices crashed in 2014, but the economy is recovering as oil rebounds.

“Now that the oil price has been recovering hopefully this situation will reverse and we can assemble and see a few hundred cars in the next year or so,” Thomas Schaefer said in an interview at a conference in the Rwandan capital, Kigali.

Volkswagen resumed building cars in Nigeria in 2015, it’s first factory on the continent outside South Africa. The company is set to start producing models including the Polo, Passat and Teramont at an assembly plant in Rwanda next month.

We are “expecting to start with at least 2,000 cars in 2018 alone, but I would love to get to 10,000 cars,” Schaefer said.

While VW is continuously assessing opportunities in countries like Ethiopia, Ghana and Tanzania for expansion, “with these new markets it is a bit of a long shot,” he said.

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