{"id":602626,"date":"2022-07-10T15:00:20","date_gmt":"2022-07-10T13:00:20","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=602626"},"modified":"2022-07-11T09:09:59","modified_gmt":"2022-07-11T07:09:59","slug":"these-are-the-cars-the-average-south-african-is-willing-to-pay-for","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/motoring\/602626\/these-are-the-cars-the-average-south-african-is-willing-to-pay-for\/","title":{"rendered":"The average price South Africans are paying for a new car right now – and what you can get"},"content":{"rendered":"

New vehicle sales data shows an increase in new vehicle sales in June, however, the financing to pay for these vehicles has declined.<\/p>\n

Vehicle financing company Wesbank reported that the average value of new cars financed in June was R352,208<\/strong>, down from R369,951 over the same month a year ago.<\/p>\n

The National Association of Automobile Manufacturers of South Africa’s (Naamsa) latest automotive industry report shows that the new vehicle market has had an ‘inspiring’ performance considering the ever-increasing challenges relating to the market.<\/p>\n

Aggregate domestic new vehicle sales in June 2022, reflected an increase of 2,888 units (7.6%) from the 38,131 vehicles sold in June 2021, said Naamsa.<\/p>\n

The business association reported a total of 41,019 units sold in June this year.<\/p>\n

Head of marketing and communications at WesBank, Lebogang Gaoketse cautioned that the vehicle market remains volatile due to pandemic-related consequences continuing, recent natural disasters impacting production such as severe flooding in KwaZulu-Natal, ongoing global supply chain constraints, high fuel prices, rising interest rates and the impact of the current energy grid.<\/p>\n

\u201cThe market is unpredictable, suffice to say that it appears demand remains higher than the market is able to deliver,\u201d said Gaoaketse. “Based on similar performance during the second half of the year, it is possible to see a South African new-vehicle market exceed 500,000 units this year.\u201d<\/p>\n

BusinessTech looked at some base model new vehicles you can purchase for around R350,000.<\/p>\n

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Ford Ranger Single Cab – From<\/strong> R340,400<\/a><\/p>\n

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Haval Jolion – From R335,900<\/a><\/strong><\/p>\n

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\"\"<\/a><\/p>\n<\/div>\n

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Renault Duster Zen – From<\/strong> R342,900<\/a><\/p>\n

\"\"<\/a><\/p>\n

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Toyota Corolla Cross – From R360,400<\/a><\/strong><\/p>\n

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Volkswagen Caddy – From <\/strong>R339,900<\/strong><\/a><\/p>\n

\"\"<\/a><\/p>\n

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Opel Crossland – From:<\/span> R329,900<\/span><\/a><\/span><\/h4>\n

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Volkswagen Polo Comfortline R-Line – From <\/strong>R357,800<\/strong><\/a><\/p>\n

\"\"<\/a><\/p>\n

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Nissan Navara Single Cab – From R341,500<\/span><\/a><\/strong><\/p>\n

\"\"<\/a><\/p>\n

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Ford EcoSport Black – From <\/strong>R346,710<\/strong><\/a><\/p>\n

\"\"<\/a><\/p>\n

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Honda Fit Comfort – From <\/strong>R340,000<\/strong><\/a><\/p>\n

\"\"<\/a><\/p>\n

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Read: <\/strong>Government scraps plans to hike fuel levy to pay for e-tolls<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New vehicle sales data shows an increase in new vehicle sales in June, however, the financing to pay for these vehicles has declined.<\/p>\n","protected":false},"author":10,"featured_media":595146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11119],"tags":[26,10421],"class_list":["post-602626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-motoring","tag-headline","tag-naamsa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/602626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=602626"}],"version-history":[{"count":28,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/602626\/revisions"}],"predecessor-version":[{"id":605094,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/602626\/revisions\/605094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/595146"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=602626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=602626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=602626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}