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A vehicle that has had one or more retail owners in the past is referred to as a used automobile, pre-owned car, or secondhand car.
Franchise and independent vehicle dealers, rental car agencies, buy here pay here dealerships, leasing offices, auctions, and private party sales are just a few of the places where used cars can be purchased.
The Uganda Used car Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Toyota Uganda Rebrands as CFAO Motors and Will Begin Selling Used Cars. Toyota Uganda Limited, the industry leader in Uganda’s new car market, has changed its name to CFAO Motors Uganda.
This change coincides with the company’s steadily growing suite of solutions. Through the LOXEA brand and its partner Avis Fleet, the company also offers a variety of short- and long-term leasing and automobile rental alternatives for enterprises.
In order to broaden its offering, it also offers a variety of additional services, such as fleet management, geolocation, telematics, and others.
In Uganda, CFAO Motors Uganda will continue to be the only manufacturer-authorized distributor of new Toyota cars and genuine Toyota parts, in addition to being the only dealer to provide the Toyota Manufacturer’s guarantee. The team and holdings are also unchanged.
A division of the CFAO Group, which is a part of Toyota Tsusho Corporation, CFAO Automotive is the parent company of CFAO Motors Uganda.
Soon after changing its name to CFAO Motors Uganda, the business will introduce new goods and services as well as more creative mobility solutions.
There will be a whole new range of competitively priced automotive parts from worldwide manufacturers, suited for a wider range of consumers, as well as linked services, inexpensive new vehicle finance options, and other new models and products.The business has a new corporate visual identity in addition to a name change.
UGANDA USED CAR MARKET COMPANY PROFILE