{"id":861518,"date":"2026-05-30T16:00:00","date_gmt":"2026-05-30T14:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=861518"},"modified":"2026-05-29T14:00:43","modified_gmt":"2026-05-29T12:00:43","slug":"most-south-africans-cant-afford-to-buy-new-cars","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/motoring\/861518\/most-south-africans-cant-afford-to-buy-new-cars\/","title":{"rendered":"Most South Africans can&#8217;t afford to buy new cars"},"content":{"rendered":"\n<p>Vehicle ownership tenure in South Africa has increased significantly, largely due to the prevailing economic difficulties faced by many households, which make purchasing a new car unattainable.<\/p>\n\n\n\n<p>A study conducted by the Automobile Association (AA) reveals that over 90% of South Africans are driven by financial constraints to extend the lifespan of their vehicles, with numerous cars remaining operational well beyond the decade mark.&nbsp;<\/p>\n\n\n\n<p>Furthermore, data from We Buy Cars corroborates this trend, indicating that the majority of vehicles sold are 10 years old or older.<\/p>\n\n\n\n<p>According to the Motor Industry Workshop Association (MIWA), a division of the Retail Motor Industry Organisation (RMI), this development underscores the growing need for motorists to adopt a more proactive approach to vehicle maintenance and safety standards.<\/p>\n\n\n\n<p>\u201cModern vehicles are built to last much longer than in the past, but longevity is entirely dependent on proper maintenance,\u201d said National Chairman of MIWA Dewald Ranft.<\/p>\n\n\n\n<p>\u201cThe reality is that many South Africans are delaying servicing or ignoring minor issues because of financial pressure, but postponing maintenance often leads to far more expensive repairs later on,&#8221; he said.<\/p>\n\n\n\n<p>International reports show that with proper care and regular servicing, modern vehicles can easily exceed 200,000 kilometres and remain reliable for over a decade. <\/p>\n\n\n\n<p>However, this reliability requires drivers to be disciplined about preventative maintenance.<\/p>\n\n\n\n<p>\u201cThere is a huge difference between \u2018keeping a car longer\u2019 and \u2018maintaining a car properly for longer\u2019,\u201d said Ranft.&nbsp;<\/p>\n\n\n\n<p>According to Ranft, neglecting oil changes, ignoring warning lights, or delaying tire replacements might save money in the short term, but the long-term financial consequences can be significant.<\/p>\n\n\n\n<p>He suggested several points to abide by, that could enhance the lifespan of a vehicle:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Follow the manufacturer&#8217;s recommended service schedule.<\/li>\n\n\n\n<li>Regularly replace the oil and filters.<\/li>\n\n\n\n<li>Frequently check tyre pressure and wheel alignment.<\/li>\n\n\n\n<li>Monitor brake wear and inspect suspension components.<\/li>\n\n\n\n<li>Pay attention to the cooling system and battery condition.<\/li>\n\n\n\n<li>Address warning lights immediately.<\/li>\n\n\n\n<li>Use quality parts, oils, and fluids.<\/li>\n\n\n\n<li>Have your vehicle inspected regularly by a reputable, accredited workshop.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Ranft said that the road conditions in South Africa are putting additional strain on older vehicles. <\/p>\n\n\n\n<p>He noted that poor road surfaces, potholes, and rising traffic congestion are speeding up the deterioration of suspension systems, tyres, steering components, and brakes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The inflation impact<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/05\/Untitled-design-2026-05-26T171346.887.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/05\/Untitled-design-2026-05-26T171346.887-1024x576.png\" alt=\"\" class=\"wp-image-861601\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/05\/Untitled-design-2026-05-26T171346.887-1024x576.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/05\/Untitled-design-2026-05-26T171346.887-300x169.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/05\/Untitled-design-2026-05-26T171346.887-768x432.png 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/05\/Untitled-design-2026-05-26T171346.887-1536x864.png 1536w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/05\/Untitled-design-2026-05-26T171346.887.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: Stats SA<\/figcaption><\/figure>\n\n\n\n<p>Historical data from Statistics South Africa reveal that historical fuel shocks have consistently been a primary driver of overall economic inflation, significantly diminishing the purchasing power of the local currency.&nbsp;<\/p>\n\n\n\n<p>The value of money has changed dramatically over the decades. A 10-cent increase in 1980 might seem trivial today, but in today\u2019s terms, that 10 cents would be equivalent to R3.74.<\/p>\n\n\n\n<p>This means that past generations experienced the impacts of rising prices just as acutely as motorists do today.<\/p>\n\n\n\n<p>In January 1985, a rapid depreciation of the rand resulted in a staggering 39.4% increase in fuel prices.&nbsp;<\/p>\n\n\n\n<p>Economists immediately warned that this would have ripple effects extending from motorists and farmers to commuters facing higher transport fares, ultimately driving up food inflation.&nbsp;<\/p>\n\n\n\n<p>These predictions proved to be accurate, as by May of that year, South Africa\u2019s overall inflation rate soared to 16.1%.&nbsp;<\/p>\n\n\n\n<p>A similar situation unfolded in October 1990 during the Gulf War, when oil supply disruptions caused another severe price surge.&nbsp;<\/p>\n\n\n\n<p>Stats SA reported that overall inflation reached 15.3%, although it would have been a more manageable 14.3% if petrol prices had remained stable.&nbsp;<\/p>\n\n\n\n<p>Whether influenced by the sudden shocks of the 20th century or by gradual, consecutive hikes, history shows that as fuel prices rise, the cost of everyday living quickly follows suit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More than 90% of South Africans report that economic pressures are forcing them to keep their vehicles for longer.<\/p>\n","protected":false},"author":127,"featured_media":861602,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[11119],"tags":[3328,11793,1809],"class_list":["post-861518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-motoring","tag-automobile-association","tag-miwa","tag-stats-sa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/861518","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\/127"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=861518"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/861518\/revisions"}],"predecessor-version":[{"id":861944,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/861518\/revisions\/861944"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/861602"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=861518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=861518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=861518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}