Cape Town – Prices of new cars are exorbitant, at least for some, but that’s not the case for 36 794 fortunate South Africans who registered their new cars in January 2017.
Over the last five years during January, new car sales in SA remained steady around the 35 000 mark and annually, 547 442 units were sold in 2016 compared to 617 648 in 2015. That’s a considerable difference in sales of 11.4% and pundits say it’s unlikely to improve this year.
Buying a used car in SA
According to WesBank, statistics indicated that 38 343 new cars were sold in May 2016 compared to 89 390 used cars which clearly shows new vehicles sales don’t even come close to used cars.
Who doesn’t love the new car smell or the fact that you are the first owner but second-hand cars simply offer better value for money especially feature-for-feature. … Read More