Citizen Reporter
Reporter
2 minute read
27 Aug 2021
7:56 am

South Africa’s used car price hike set to continue

Citizen Reporter

South Africa's top selling used car, the Ford Ranger, has seen an average increase of over R26 000 in the first half of 2021.

The Hilux's arch-rival, the Ford Ranger, rated as the top-selling used vehicle of last year.

South Africa’s pre-owned car market in 2021 has seen a significant price hike that could rise even higher towards the end of the year. According to AutoTrader, the price of the country’s top ten most enquired on car models has risen by an average of around R30 000. This much has emerged from an analysis of the most enquired on models on AutoTrader in the first six months of 2021 versus the last six months of 2020. According to AutoTrader’s CEO George Mienie, this is a tangible result of supply and demand. “According to the 2021 AutoTrader Mid-Year Industry Report,...