Autochek Africa, an automotive technology development company, has reaffirmed its commitment to building a marketplace infrastructure and making car ownership more accessible and affordable in Africa. Every day, Autochek receives over 13,000 visits on its marketplace from people searching for their dream or next car in Nigeria. While a majority of Africans desire to own a car, the reality is that affordability beats their desire.
One common feature that unites Africans in search of luxurious vehicles and those who desire mobility for their everyday commute or business development is the quick and enhanced ownership experienced beyond the purchase. According to Senior Vice President of Global Trade and Ride Hailing, Autochek Africa, Mohammed Iyamu, said: “Autochek’s commitment to ensuring Africans get the empowerment they need to own their dream cars goes beyond the availability of affordable financing, but also ensuring customer satisfaction through endless optimisations and innovations.” Autochek Africa says Africa’s automotive industry, including Nigeria, faces unique challenges like underestimated ownership experiences, limited financing options, insufficient infrastructure and sustainability issues.
As consumers become more discerning about the quality and expertise they deserve, even for used cars, a revolutionary shift is on the horizon. With this awakening, Africa is heading towards a revolutionary path to ease car ownership and the overall ownership experience. Autochek, the leading automotive technology company in Africa, is at the forefront of this transformation.
By leveraging innovative digital solutions and data analytics, Autochek is making car ownership more accessible, affordable and convenient for Africans. Iyamu said Autochek is building a financial infrastructure to drive the penetration of auto financing across Africa, powered by a data analytics engine that makes it easier for financial institutions to offer car credit to consumers in Africa. “Since launching in 2020, Autochek has built a base of data on portfolio performance, residual value of vehicles, capital recovery, and other data points that make it easier for commercial banks and other financial institutions to offer credit to consumers and businesses to purchase the vehicles they want”.
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