We Buy Cars shares plunge 35%, pressured by cheap Chinese imports

We Buy Cars shares fell 35% year-to-date in 2026. The stock currently trades at approximately R30.

Cheap Chinese vehicle imports pressured used car prices and tightened profit margins. Rising interest costs further contributed to the negative stock performance.

The company reached a record monthly sales volume of 17,209 units in March 2026. Purchasing hit an all-time high of 17,617 vehicles in January 2026. Inventory value rose by R500 million to stock new warehouses.

Camissa Asset Management and Allan Gray increased their stakes in the company. Both firms now hold positions exceeding 5%.