A buy down trend is seeing a bigger shift towards the used car market. Picture: DENIS DROPPA
Though the 343,276 year-to-dates sales are still down 30.6% compared to 2019 due to the Covid-19 lockdown, it was the fifth consecutive month that overall vehicle sales increased, showing signs of resurgent consumer demand in an industry that contributes 6.4% to GDP. “For those who do, it is likely that their annual mileage will reduce considerably, increasing the time between replacement cycles.”
“The other trend is the shift towards the used car market, again driven mostly by the buy-down effect,” says De Kock.
Source: Entertainment Trends (entertainmenttrends.net)
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