A WeBuyCars supermarket. The group expanded its footprint by 23,6% or 2 980 parking bays after three new vehicle supermarkets were opened in the six months to March 31, 2026, including in Centurion, Witbank and Landsdowne in Cape Town.
We Buy Cars Holdings (WeBuyCars), the JSE-listed used car group, said it had to lower prices in the six months to March 31 to maintain liquidity and healthy stock turns, particularly for its cars competing with Asian brands and with competitively priced new vehicles.
The interim results on Monday showed the “proactive and necessary response” had put pressure on margins, but the buoyant new vehicle market and growing penetration of Asian brands were expected to be positive in the medium term for WeBuyCars, as these vehicles enter the used vehicle market.
“This will expand the group acquisition base and opportunity set,” WeBuyCars management said. The group expanded its physical footprint by 23.6% or 2,980 parking bays during the six months.
An interim dividend of 33 cents was declared, up 10% from last year at the same time. Headline earnings and core headline earnings of R500.1 million were 1.6% lower, with headline earnings impacted by three new vehicle supermarket openings. Revenue was up 7.8% to R14.2 billion.
