The average price of a used car in South Africa has come down over the last month, with the latest sales data from classifieds group Autotrader, marking a 0.9% drop in prices.
“This drop in average price brings a measure of relief to consumers who face rising prices in just about every other sphere,” said AutoTrader CEO George Mienie.According to Autotrader, used car sales continued to pick up in July with sales growing by 8% month-on-month. A total of 32,090 units were sold, reflecting an increase of 2,434 units over June.
“Interestingly, French carmaker Renault delivered a coup de grâce to KIA, moving up three spots on the most sold list and overtaking the Korean automaker in the ranking,” the group said.Ford’s Ranger led the way as the most sold used model ahead of the Toyota Hilux with the VW Polo and Polo Vivo following in third and fourth.
Among the top-selling used variants, Volkswagen’s locally-built hatchbacks outperformed the homegrown bakkies.