Price inflation on used vehicles increased to 7%, up from the 2.9% recorded a year before. Picture: GETTY IMAGES
This is according to TransUnion’s SA Vehicle Price Index, which measures the inflation rate for new and used vehicles. “With a long waiting list for new vehicles, consumers are opting for the used vehicle market — and prices are not going to ease soon, as interest rates remain relatively low, despite recent hikes,” he said.
Of the used vehicles, 33% are less than two-years-old, and this continues to decrease as the supply of quality used vehicles remains under pressure, noted TransUnion. Demo models made up 5% of used financed deals in the quarter, down 1% from the previous quarter, which indicates consumers remain in the market for older vehicles as quality supply diminishes and pressure on disposable income increases.
Source: Car News Wire (carnewswire.net)
I have benefited from at least R40k a week with williamchurch09 through his recommended platform with my small investment. Don't spend all your money without investing. williamchurch09 is a life saver, join me and win also in with good hands
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Queen Elizabeth used her husband Prince Philip's walking stick 10 months after his deathQueen Elizabeth II honoured her late husband at an event that celebrated her 70 years on the British throne. and she walked happily ever after Business insider my flat arse. Hows this business news mf
Source: BISouthAfrica - 🏆 34. / 51 Read more »
National Lotteries board member used millions of grant money, buys chicken farmWilliam Huma is once again in the spotlight for his corrupt acts. The former NLC board member first made headlines when it was revealed that he allegedly received a whopping R5 million to buy a luxurious house. Read more 👇Corruption WilliamHuma
Source: brieflyza - 🏆 10. / 68 Read more »
Videos of alleged July unrest instigator Khanyile set to be used against him
Source: ewnupdates - 🏆 30. / 53 Read more »
Cash is queen: Take a look inside Makhadzi's R4m mansion...Cash is queen: Take a look inside Makhadzi's R4m mansion... 'It's not credit': With her single 'Kulakwe' climbing the charts in the United Arab Emirates, Makhadzi gave us a glimpse of her R4m crib.
Source: TheSAnews - 🏆 25. / 59 Read more »
SA prototype of futuristic aircraft used in Hollywood blockbuster 'The Lost City' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A prototype of a futuristic aircraft developed by a South African is taking to the skies in the upcoming Hollywood blockbuster “The Lost City”. I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent williamchurch09 guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work
Source: SABCNews - 🏆 37. / 51 Read more »
Good news for car buyers in South AfricaNew data from consumer credit reporting agency TransUnion shows that there has rarely been a better time to buy a new car in South Africa over the last decade than right now. Looking for a Brand new or Quality second hand Car? A wide range of vehicles available. Check out thabo_wakgosi a car sales man for exciting car deals. 📞 Or Whatsapp 0835088665. Lichtenburg, North West
Source: BusinessTechSA - 🏆 24. / 61 Read more »