14 new cars you can buy for the same price as the average used car in South Africa
Data published by Cars.co.za shows that South Africans paid on average R236,900 in 2021 for a used vehicle, higher than the average in 2020 and indicative of a trend that used car prices have continued to increase.
The price bracket between R200,000 and R300,000 accounted for the largest percentage of enquiries submitted at 20.6% on Cars.co.za during 2021.
The top enquired about used cars included the country’s top-selling passenger vehicle, the Volkswagen Polo, while the top-selling vehicle overall in 2021, the Toyota Hilux, followed in second, and the Ford Ranger was third. The BMW 3 and Mercedes-Benz C-Class series placed fourth and fifth, respectively.
Cars.co.za noted that the Covid-19 outbreak has resulted in an unprecedented scarcity of older cars. The market value of a vehicle usually decreases as it ages, although the used car prices have instead increased over the past few years.
As a result of Covid-19, more buyers were trying to purchase fewer cars, which in turn pushed prices up.
The normal trend over a two-year period would be like-for-like prices to drop by around 10% – instead, they have risen by that percentage, said Jamie Surkont, chief executive of car-pricing company GetWorth.
“We were expecting to see a normalisation in the used-car market in 2022, with a return to the longer-term price trends. The latest supply shock might mean continued rising prices, at least in certain market segments. Add in the potential for large fuel-price hikes, and we’re in for another volatile year,” said Surkont.
Here are 14 cars from major car brands you can get new for a similar price to the average used car:
Volkswagen
- Polo Vivo Trendline
- R232,500
Toyota
- Starlet
- R225,200
Nissan
- NP200
- R199,900
Renault
- Kiger 1.0 Zen Auto
- R229,900
Suzuki
- Baleno 1.4 GL
- R221,900
Hyundai
- Grand i10 Fluid MT
- R229,500
Kia
- Picanto 1.2 AT Street
- R230,995
Datsun
- Go + 1.2 Lux auto
- R233,800
Baic
- X25 1.5 Fashion
- R229,990
Mahindra
- XUV300 1.2T W4
- R234,999
Fiat
- Fiat 500
- Starting at R223,900
Ford
- Figo 1.5 Trend MT Sedan
- R232,900
Honda
- Amaze 1.2 Comfort
- R234,700
Peugeot
- 108 1.0 Active
- R219,900
Read: Electric cars seen as risky in South African because of load shedding: minister
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