Standard Bank launches 2017 Auto Show
On offer at this year's Auto Show is an annual insurance offering with a one-month holiday, prime less 1.75% on interest rates and a residual value offering of up to 25%.
It's all systems go for the 2017 Standard Bank Auto Show slated for 30 June to 1 July this year. The show which is expected to be bigger and better than ever before will be held at the SKW Sport Fields in Windhoek. Standard Bank is hosting the Auto Show together with the 'Biltong Fees', which has been a partner since 2011.
Standard Bank's head of personal and business banking, Mercia Geises said that the show would aid in driving dealers' sales.
“We take full cognisance of the fact that the current difficult economic climate has affected all sectors in our country and the vehicle industry is no exception. We would like to provide you with the opportunity to drive your sales during these tough times by continuing to host the much-anticipated show,” she said.
Geises also commended the dealers for the impeccable relationship they have cemented with the bank, noting that it has manifested itself through increased market share in the industry, with 57% of new business last year for the bank owing to that.
“Based on last year's success of the Standard Bank Auto Show with total turnover N$120 million, I am optimistic that this year's show will exceed all expectations. We are offering up to prime less 1.75% on the interest rate, a residual value offering of up to 25% and an annual insurance offering with one-month holiday on credit life offering,” Geises said.
Also speaking at the launch, Dominee Frans Ras, the brain behind the Biltong Fees which started in his church hall in 1992, said the festival has grown exponentially over the years, making profits between of N$20 million and N$30 million last year, excluding what the bank made.
“This is a considerable amount that we invested back into Windhoek; as such we should use the current economic challenges to inspire us to work even harder for the success of the Biltong Fees and Standard Bank Auto Show. In spite of the challenges we are facing, we will one day look back at our 2017 event and smile because it was a success,” he said.
STAFF REPORTER
Standard Bank's head of personal and business banking, Mercia Geises said that the show would aid in driving dealers' sales.
“We take full cognisance of the fact that the current difficult economic climate has affected all sectors in our country and the vehicle industry is no exception. We would like to provide you with the opportunity to drive your sales during these tough times by continuing to host the much-anticipated show,” she said.
Geises also commended the dealers for the impeccable relationship they have cemented with the bank, noting that it has manifested itself through increased market share in the industry, with 57% of new business last year for the bank owing to that.
“Based on last year's success of the Standard Bank Auto Show with total turnover N$120 million, I am optimistic that this year's show will exceed all expectations. We are offering up to prime less 1.75% on the interest rate, a residual value offering of up to 25% and an annual insurance offering with one-month holiday on credit life offering,” Geises said.
Also speaking at the launch, Dominee Frans Ras, the brain behind the Biltong Fees which started in his church hall in 1992, said the festival has grown exponentially over the years, making profits between of N$20 million and N$30 million last year, excluding what the bank made.
“This is a considerable amount that we invested back into Windhoek; as such we should use the current economic challenges to inspire us to work even harder for the success of the Biltong Fees and Standard Bank Auto Show. In spite of the challenges we are facing, we will one day look back at our 2017 event and smile because it was a success,” he said.
STAFF REPORTER
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