CRA Personal Finance & Motoring Explored
Here is what the average used car looks in SA – new data from AutoTrader shows that the average price of a used vehicle in the first half of 2021 was R389,145 with an average mileage of 77,830 km.
The data is taken from the group’s 2021 AutoTrader Mid-Year Industry Report, which provides precise data when it comes to the used car market in South Africa.
The 56-page report found that BMW is the most searched for and also the most viewed used car brand in the country, while the most searched for model is the Toyota Hilux.
The Volkswagen Golf GTI is the most searched for individual variant, it said, while sport utility vehicles (SUVs) have the highest number of body type searches.
Historically, the first half of the calendar year records higher average prices of used cars in South Africa, with lower average mileages, AutoTrader said. In the first half of 2021, average car prices were still, on average, more expensive than the previous year.
The top 10 most listed vehicles during the last six months made up 27% of total car stock and the 10 most supplied vehicles interestingly made up the typical list of most sold used cars.
This tells us that car dealers are stocking up on the necessary vehicles which are in high demand by in-market car shoppers, AutoTrader said.
The model with the most enquiries was the Toyota Hilux, which within the top 10, generated 5.4% of all enquiries. The Ford Ranger which was the top-selling used car in the 2020 Annual Report generated a 3.9% share of all enquiries.
Completing the top 3 was South Africa’s most popular hatchback, the Volkswagen Polo with a share of 3.3% of all enquiries.
Article Credit to BusinessTech Motoring.
What is your view of the average price and milage of used cars for sale in South Africa? Would you consider buying a used car? Let us know in the comments below. Also, if you found our content informative, do like it and share it with your friends.
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