Stellantis invests in Africar Group to create Auto24, an African used vehicle startup
Auto24, a subsidiary of Africar Group, has launched its activities in Ivory Coast. Africar Group is a class leading and multi country digital automotive marketplace across Sub-Saharan Africa. Stellantis investment aims at accelerating its used vehicle (UV) business on the buoyant African UV market. Auto24 is a faster and safer way to buy and sell used vehicles in Africa. Africar Group and Stellantis announce the launch of Auto24's activities in Abidjan, Ivory Coast. Auto24 is a direct to consumer used car company that brings new, innovative solutions ensuring transactions are conducted in a transparent and secure way.
With the African population set to reach 1.7 billion by 2030 and a car-park already at 50 million units[1], Stellantis has taken a stake in Africar Group to create Auto24 an...