WeBuyCars loses its shine
- WeBuyCars' share price has hit a new 52-week low, with the company's market value falling by 45% over the past year.
- The rise of Chinese car brands in South Africa and the surge in new-car buying activity are forcing traditional manufacturers to lower their prices, making used alternatives less attractive to buyers.
- Analysts believe the fall in WeBuyCars' share price has opened up a buying opportunity for investors looking to benefit from macroeconomic tailwinds.
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