Motoring News

Used-car prices twitch upward – VW leads

JOHANNESBURG, South Africa – ”Cautiously optimistic.” That’s how George Mienie, CEO of AutoTrader, feels about the state of used-vehicle sales in South Africa in not only the middle of the South African winter but also of the Covid situation.

“Prices have begun to increase – slightly – with cars selling faster than experienced earlier in 2020. That’s two positive factors.”

VW POLO VIVO: Best-selling used car in June 2020. Image: VW SA

His opinion is based on AutoTrader’s Used Car Rate of Sale indicator for the period ending June 2020. According to this data, the fastest-selling used vehicle in South Africa at the end of June was the Volkswagen Polo Vivo – an average of 25 days to sell.

Mienie aggain: “This again confirms the popularity of the Volkswagen brand – which was also the most-sold brand in June 2020. Toyota products were second with its Fortuner the second-fastest selling vehicle in June (26 days to sell), followed by the Hilux (also 26 days).”

‘DEMAND A GOOD THING’

AutoTrader’s retail price index (RPI) shows a 1.2% increase in prices in June (month-on-month) with the average selling price of a car for the month of June R274 221. “This is a small increase,” Mienie warns, ”but positive news for retailers. It also means demand for used cars continues to rise.

“Consumer demand, even on used cars, is always a good thing for the whole automotive industry as we know the South African used-car market is a much bigger than new.”

Fastest selling used cars, June 2020*

Rank

Make and Model

Rate of Sale (days)

1

Volkswagen Polo Vivo

25 

2

Toyota Fortuner

26 

3

Toyota Hilux

26

4

Volkswagen Polo

26 

5

Nissan NP200

28 

6

Toyota Corolla Quest

29 

7

Volkswagen Golf

30 

8

BMW 3 Series

31 

9

Ford Ranger

32 

10

Ford Fiesta

32 

11

Audi A3

38 

12

Renault Kwid

40 

13

Ford EcoSport

42 

14

Kia Sportage

44 

15

Ford Figo

44 

*AutoTrader Rate of Sale (ROS) indicator. Models that tied in days have been ranked by the lowest average individual time to sell a model.

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