An automotive trading platform, Cars45 said it will expand operations to 10 African countries by 2021 to seize the huge used car market in Africa.
The used car market, according to Chief Executive Officer (COO) of the company, Ganguly Soumobroto is estimated at over $45 billion.
While briefing newsmen on the activities of the year, he said the used car segment constitutes about 95 per cent of car dealerships in Africa while five per cent is just for new cars. He said in Nigeria alone where it has its footprint in about 11 states, Cars45 sells 750,000 cars annually…
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