Top 15 fastest-selling used cars in South Africa
There is reason for “cautious optimism” when it comes to the used car market in South Africa, says George Mienie, chief executive officer of AutoTrader, who points to a number of positive trends in this sector of the automotive industry.
“Prices have begun to increase – albeit slightly – while cars are also selling faster than experienced earlier this year. Both of these factors bode well for the used car market,” he said.
His statements are based on AutoTrader’s Used Car Rate of Sale (ROS) 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, which took a mere 25 days to sell.
“This confirms the popularity of the Volkswagen brand yet again; it was also the most sold brand last month,” said Mienie.
Toyota was the second most sold brand last month and so it wasn’t surprising to see two vehicles from that manufacturer complete the podium positions, Mienie said. The Fortuner was the second-fastest selling vehicle last month (26 days to sell), followed by the Hilux (26 days).
AutoTrader’s Retail Price Index (RPI) shows a 1.2% increase in prices in June – month-on-month.
The average selling price of a car for the month of June was R274,221. “This is a small increase, but it is positive news for retailers indeed. It also means that demand for used cars continues to rise” he said.
“Consumer propensity for increased spending albeit on used cars, is always a good thing for the automotive industry as a whole as we know the used car market is a much bigger market than new in South Africa,” Mienie said.
Fastest selling used cars in June 2020
Volkswagen Polo Vivo (25 days)
Toyota Fortuner (26 days)
Toyota Hilux (26 days)
Volkswagen Polo (26 days)
Nissan NP200 (28 days)
Toyota Corolla Quest (29 days)
Volkswagen Golf (30 days)
BMW 3 Series (31 days)
Ford Ranger (32 days)
Ford Fiesta (32 days)
Audi A3 (38 days)
Renault Kwid (40 days)
Ford EcoSport (42 days)
Kia Sportage (44 days)
Ford Figo (44 days)
Read: Car buyers in South Africa move to fixed-rate deals in post-lockdown trade
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