CRA Personal Finance & Motoring Explored
Here’s what car R1 million buys you from every major car brand in South Africa as car sales are slowly increasing compared to last year.
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South Africa’s motoring industry is buoyant and is in a far better shape than a year ago, notes Mark Dommisse, chairperson of the National Automobile Dealers’ Association (NADA).
Total vehicle sales in January of 41,382 units showed a 19.5% increase over sales in the corresponding month a year ago.
Dommisse said that some sectors in the luxury segment of the car market showed improvements, notably Mercedes-Benz which doubled its monthly sales compared to the averages seen in the third and fourth quarter of 2021. “Another good example is Porsche which reported 204 units sold – a 114% increase on the figure in December 2021.
“Sales of other luxury brands seem to be stabilising, but no massive recovery in this portion of the market is expected in the short term,” he said.
The overall recovery trend is expected to continue into 2022 with growth projected between 8% and 10% to a level of 500 000 new units in 2022, said Cyril Zhungu – head – Automotive Retail Finance at Standard Bank South Africa.
“Demand generation through vehicle model renewal and new vehicle model introduction is and remains a key factor in stimulating new vehicles sales – as this normally comes with various sales support incentives for customers.
“South Africa vehicle manufacturers, importers and distributors have become very proficient at responding to any changes in consumer demand trends by using tactical supply and support strategies for different market segments to meet affordability, business, and lifestyle needs,” said Zhungu.
BusinessTech looked at some of the vehicles in the luxury segment of the market, when given a budget of R1 million.
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Jaguar
- E-Pace P300e AWD R-Dynamic S
- Price: R1,220,700
Mercedes-AMG
- CLA35 4Matic
- Price: R1,064,936
Mercedes-AMG CLA35 4Matic
Volkswagen
- Amarok 3.0 V6 TDI double cab Extreme 4Motion
- Price: R1,034,700
Kia
- Sorento 2.2CRDi 7-seater SXL AWD 8 DCT
- Price: R988,995
Lexus
- NX 300h SE
- Price: R1,068,400
Lexus NX 300h SE
Mercedes-Benz
- GLC220d 4Matic AMG Line
- Price: R1,012,242
Porsche
- Macan
- Price: R1,050,000
Porsche Macan
Jeep
- Grand Cherokee Overland
- Price: R1,025,650
Land Rover
- Discovery Sport P250 Urban Edition
- Price: R1,035,734
Land Rover Discovery Sport P250 Urban Edition
Audi
- A6 2.0 TDi STRONIC (40 TDI)
- Price: R1,035,700
Ford
- Mustang 5.0 GT Series 10AT Fastback
- Price: R1,061,100
BMW
- BMW M240i xDrive Coupé
- Price: R1,050,000
Alfa Romeo
- Giulia 2.0T Veloce
- Price: R1,014,900
Alfa Romeo Giulia 2.0T Veloce
Volvo
- V90 Cross Country B5 AWD Inscription
- Price: R1,018,300
Hyundai
- Palisade 2.2D 4WD Elite 7-seater
- Price: R1,009,900
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Article Credit to Business Tech.
What is your view of what car R1 mil will buy you? If you were in the market, which car would you buy? 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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