November 16, 2021
It’s no secret that South Africa is currently experiencing challenging economic times, so it’s good news to South African motorists if they can find the best value used cars.1
Data analysis by Cars.co.za showed that the most popular cars on their website were those with low mileage, costing just under R290 000, and first registered between 2016 and 2019.
Lead enquiries for cars priced between R20 000 and R30 000 and first registered in 2017 made up 24.4% of all leads of vehicles registered between 2016 and 2019.
It was not surprising that the ‘R150 000 to R200 000’ and ‘R300 000 to R400 000’ groups made up the next largest group. Of the 2016 – 2019 models, almost 60% of leads were centred on the price range of R150 000 to R400 000 of low-mileage cars. A massive 31.8% of leads were for cars with mileages ranging from 10 000 km to 50 000 km, while most of the leads (81.4%) were for cars below 100 000 km.
During a 90-day window, with no restriction on price and mileage, the lead volume experience showed a list of the most requested vehicles on Cars.co.za, in descending order of popularity: Volkswagen Polo, Toyota Hilux, Ford Ranger, Volkswagen Polo Vivo, Mercedes-Benz C-Class, BMW 3 Series, Nissan NP200, Volkswagen Golf, Toyota Fortuner, and Ford EcoSport.
The new vehicle market is under pressure due to higher new vehicle prices, the economic fall-out of the lockdowns, and stock problems. In some instances, new vehicle prices have risen by more than double South Africa ‘s CPI inflation rate. This undesirable situation is forcing potential buyers to look at the used-car market for their next purchase.
According to supply and demand, used-car prices have been rising as motorists increasingly look to buy used cars.
By looking at various data sets, including stock availability, cars.co.za determined the 10 best purchases of used vehicles. The challenge facing motorists is to locate a car of a good brand at an acceptable price and with low mileage. Cars.co.za said that much research had been done regarding the Cars.co.za Consumer Awards, which involves a survey of thousands of South African car owners.
The following consists of a list of 10 vehicles in descending order, with each one being under 5 years old, with less than 100 000 km and priced between R200 000 and R300 000: Volkswagen Polo 1.0 TSI Comfortline Auto; Ford Ranger 2.2 TDCi XL Double-Cab; BMW 320i (previous generation); Volkswagen Golf 1.4 TSI Comfortline; Isuzu KB250 D-Teq Double-Cab Hi-Rider; Hyundai Tucson 2.0 Premium Auto; Mazda CX-5 2.0 Active Auto; Nissan Qashqai 1.2T Acenta Auto; Toyota RAV4 2.0 GX Auto (previous generation); and Suzuki Vitara 1.6 GL+ Auto.
Buying car insurance is essential when you purchase your next used car. To save money on your premium and enjoy reliable car insurance, contact PMD.
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