Faan van der Walt is the founder and executive director of WeBuyCars, a company that is transforming the way that South Africans privately sell and buy cars in the motor trade industry.<\/p>\n
WeBuyCars aims to help private individuals safely sell their vehicles and providing clients with a wide range of affordable, high quality used vehicles.<\/p>\n
As a director, van der Walt’s focus is on developing and maintaining a unique business culture and philosophy where the needs of their customers come first.<\/p>\n
In this episode of Business Talk, van der Walt talks through how the Covid pandemic has impacted day-to-day business at WeBuyCars, and the challenges of being a leader during such a difficult time.<\/p>\n
He discusses some of the buying\/selling trends brought on by the pandemic, and some of the mistakes vehicle buyers make in South Africa.<\/p>\n
As the company celebrates its 20-year anniversary this year, he tells Michael Avery about maintaining the underdog mentality – a sense of ‘fighting the big guys’ while continuing to grow. “It’s been a nice journey, but it’s not the end, we still have lots of plans for the future.”<\/p>\n
Transaction Capital recently concluded agreements to increase its shareholding in WeBuyCars to 74.9%, a deal that van der Walt believes is a ‘win-win’ for both parties. “We’ve got great plans, we are going to do great things together.”<\/p>\n
WeBuyCars extends beyond buying and selling secondhand vehicles, with a range of services, including financing, insurance, and tracking. The group recently launched a first for the South African motor market: an online car auction, which van der Walt is excited about.<\/p>\n
The full interview is embedded below. You can find all the Business Talk with Michael Avery interviews\u00a0here<\/a>.<\/p>\n