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Autochek launches mobile app, website for car finance, purchase, maintenance

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An automotive technology firm, Autochek, has launched a website and a mobile application where people can buy, sell and fix their cars as well as obtain finance their new automobile and enjoy a trade-in option, using their smartphones from any location.

An official launch and demo session was held in Lagos on Thursday to guide users on how to navigate through the website and the mobile application and take advantage of the vast offerings designed to remove all car troubles for motorists.

Commenting on the launch, the Vice President commercial, Mayokun Fadeyibi, said, “AutoChek’s mission is to enable and enhance automotive commerce across Africa through technology, creating value for all stakeholders in the ecosystem. The recent launch of the website and mobile application reflects Autochek’s commitment as the platform provides seamless access to financing services that ease car ownership in Nigeria and Africa.

“We are proud of the resources and services put together for the convenience of our customers by our financial partners, dealer partners and workshops.

“We are very excited about the future of Autochek in leading and expanding the frontiers of the African automotive industry at large.”

she also said, “AutoChek is the future of the African automobile industry, and It isn’t for nothing that we recently closed a $3.4million pre-seed to boost our service delivery in the auto market,” she said.

She described the mobile app as an end-to-end auto solution offering that would give customers a wide array of options helping them to make informed automobile decisions with convenience.

According to her, the website and mobile application feature auto brands, auto product details and descriptions, Autocheck doctors for an automatic diagnosis of your car problems, and a service booking platform for the inspection of cars customers want to sell.

“Anyone interested in effectively meeting an automobile need can head over to the website or download the mobile application to get started, she added.

The Chief Executive Officer of the firm, Etop Ikpe, also speaking at the event, said Autochek was pleased to provide a variety of key solutions to tackle some of the challenges posed by a lack of auto funding in the African automotive industry.

“Autochek’s website and mobile application come with a ‘get pre-qualified’ feature where customers can receive funding to own the car of their dreams,” he stated.

He said after going through the pre-qualification process, customers could browse a personalised inventory curated just for them, and enjoy instalment payments on received car loans.

The firm also said in a statement that with the launch of the app, it was set to transform the African automobile industry by using technology to recreate the buying, maintenance and selling experience of motorists and car owners in Africa.

It said, using autochek.africa, and the mobile application that can be downloaded from Google play, customers can lock down a car of their choice with a deposit, receive funds to own a car, get better deals for selling their cars, diagnose their cars and enjoy premium maintenance service right at their doorstep.

“Customers can also enjoy other packages put together to ensure a seamless ownership of cars; access to a wide range of brands, both brand new and used, visibility of the condition of your choice car, registration of both local and foreign used cars, access to an extensive list of car workshops in Lagos, Abuja, Port-Harcourt, Accra and other major cities in Nigeria and West Africa.”

The Group Managing Director of Courteville Business Solutions, Bola Akindele, initiator of autoreg, congratulated the Autochek team for thinking of solving the auto problems with technology and starting with Lagos, noting that the scheme would go places once Lagosians accepted it.

 

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Limit your speed to 30km/h, FRSC tells all motorists

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FRSC Corps Marshal, Boboye Oyeyemi

As Nigeria joins the rest of the world to mark the 6th United Nations Global Road Safety Week, the Federal Road Safety Corps has asked motorists to limit their speed to 30 kilometres per hour in urban or built-up areas for all categories of vehicles.
The global safety week will be celebrated between Monday May 17 and Sunday May 23, 2021.
The Bauchi Sector Commander, FRSC, Mr Yusuf Abdullahi, made the recommendation on Monday in a statement issued by the FRSC Public Relations Officer in the state, Mr Rilwanu Suleimanu.
The corps said speeding was responsible for about 30 per cent of crashes in Nigeria.
Abdullahi explained that the corps would be using the 6th United Nations Global Road Safety Week to carry out an advocacy programme where people would be educated on the issue.
He said, “The 6th UN Global Road Safety Week will focus on the issue of speed.
“The week advocates for safer streets motoring by making 30 km/h speed limits, the norm for cities worldwide in places where people mix with traffic.
“The week is concerned about policy commitments at national and local levels to deliver the 30 km/h speed limits in urban areas and to generate local support for such low speed measures in order to create safe, healthy traffic flow within Urban cities globally.
“As a lead agency in road safety management and administration in Nigeria, the FRSC is hosting the event and embarking on nationwide advocacy to replicate this global activity in selected Nigerian Cities.
“Pursuant to this, the Bauchi State command of the FRSC organises public education campaign programmes to inculcate the norm of 30km/hr speed limits among road users.”
He called on the general motoring public to always adhere to the maximum legal speed limit while in the city or in built up areas so as to prevent crashes, its attendant injuries as well as its fatalities.
Abdullahi, who further stressed the need to avoid speeding, considered among the critical traffic violations with high risk factor, said speeding would lead to increase in crash severity, resulting in more fatalities or injuries.
The sector commander explained that more damage would be caused to vehicles involved in speeding when they crashed, thereby increasing the likelihood of such vehicles not drivable thereafter.
“Speeding also leads to extra fuel consumption and frequent replacement of auto parts, among others,” he said.
The public advocacy programme would include media charts, roadshows, visits to hospitals, and advocacy visits to stakeholders, including policymakers and others.

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Hyundai working on new high-performance car

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Hyundai is planning a new version of the Ioniq 5 that will raise the performance of the electric model, according to a new report from the Korean automaker.

The Hyundai Ioniq 5 is a Pony-styled electric hatchback that is already rear-drive as standard and offers 300 horsepower in top all-wheel drive guise.

That leaves plenty of performance for Hyundai N to unlock on the enthusiast side of the new E-GMP architecture underpinning the automaker’s new EVS, the report says.

Hyundai is also said to be working with hypercar maker Rimac to build a new top-of-range EV performance car, so it would not be much of a stretch to seek out some of that company’s assistance on the rest of its electric vehicles as well.

Chief Marketing Officer at Hyundai Motors, Thomas Schemera, confirmed the development, saying, “Everybody knows that our electric global modular platform (E-GMP) has a lot of potential and shows a lot of flexibility. One thing is for sure, eco-friendly models are on our priority list – at the top.

“We never stop thinking about extending our product portfolio and strategically, we are moving full speed ahead with eco-friendly offerings.

“We are moving ahead with our battery electric concept and our fuel-cell electric concepts.” So does that mean an Ioniq? “I guess it seems to be realistic,” he said.

Popular auto reviewer, Top Gear, thinks the Hyundai Ioniq 5 is the Tesla rival many will want to own.

It says, “The automotive industry has been waiting for a legitimate and affordable Tesla Model 3/Y alternative for quite some time and with the Ioniq 5, it appears Hyundai has delivered just that.”

The Ioniq 5 is an all-new electric mid-size crossover and the first model to be branded under the new ‘Ioniq’ electric sub-brand.

According to carscoops.com, the new Hyundai Ioniq 5 rides on the dedicated Electric-Global Modular Platform (E-GMP), which blends the traditional skateboard design with an elongated wheelbase for attractively styled and practical EVs?

It also features both 400- and 800-volt charging, thanks to the new platform.

When plugged into a 350kW charger, the Ioniq 5 can recharge from 10 to 80 perbcent in just 18 minutes, with the carmaker claiming that five minutes of charging is enough to get 62 miles of range on the WLTP cycle.

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Scarcity of vital auto parts forces more automakers to shut down

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  • Ford suspends Mustang production May 3

Ford will be shutting down production of its Mustang on May 3-7 with a plan to resume assembling the pony car at a later date yet to be determined.

This is coming after many automobile manufacturers had announced the suspension of production of a number of models, especially the premium vehicles.

The reason for the production shutdowns is that there are not enough semiconductor chips to power all that flashy technology in new cars.

The outlook for the Mustang and other Ford models as well as other auto brands does not look exactly rosy.

Analysts say they have seen this problem for months now, with the GM having to cease production of different vehicles, notably the Chevy Camaro.

Fiat Chrysler (now part of Stellantis) has had to shut down the assembly lines for the Dodge Charger and Challenger as well as the Chrysler 300.

This problem has affected many other automakers such as Toyota, Nissan, Daimler and Porsche.

Industry analysts predict the chip shortages will limit the production of cars in the near term, but thankfully the problem will go away after a while.

In the meantime, this means you can expect to have a harder time finding and paying for certain new car models. It’s the simple economic rule of supply and demand.

Although with rough economic times, more people are holding onto older cars, so while supply is constrained, demand for some models is also lagging.

The shortages have caused automakers to drop some technological features from different models. For example, Stellantis announced it would be scrapping the digital speedometers on at least one Peugeot line.

Ford has been selling the F-150 without the fuel management module as a way to cut back on how many semiconductor chips it uses. Porsche is axing features like an 18-way-adjustable seat for the Macan SUV as a way to conserve its chip supply.

Another strategy to deal with the shortages has been for automakers to shut down production lines for vehicles with thinner profit margins. This means many cars, like the Ford Mustang, Chevy Camaro, and Dodge Challenger, will see constrained supply.

Another example is Daimler shutting down its compact car plant in Germany where 18,500 workers are employed. Instead of pumping out more Mercedes-Benz C-Class vehicles, the company is looking to put what semiconductor chips it has into more expensive model lines so profits don’t take as big of a hit.

The creation of this problem is complex and there’s some contradicting information. Some say production shutdowns at semiconductor plants because of COVID-19 have fuelled the shortage. Others think it has been the overwhelming demand for computers, gaming consoles, smartphones, smart televisions, among others as people are spending most of their time trapped at home.

Another conjecture is that suppliers did not foresee automakers ramping up demand for chips so quickly after plant shutdowns and assembly line reductions last year. So they’re scrambling to ramp up production and that takes time.

This comes after demand for at least some new cars has almost exploded, something few saw coming so early, after all not many people were looking to buy vehicles because of the pandemic last year.

Whatever the cause, this shortage isn’t making the situation of rising car prices any better. Not only are some new vehicles selling for more as a result, demand for used vehicles continues to stay strong. Hopefully by this time next year this problem will be in the rearview mirror.

Sources: CNBC, New York Times, Automotive News Europe and Reuters

 

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