Rise in used car prices in South Africa set to continue


The used car market in South Africa in 2021 saw a significant increase in prices which could rise even further towards the end of the year. According to AutoTrader, the price of the ten most popular car models in the country has increased on average by around R30,000. This can be seen from an analysis of the most popular models on AutoTrader in the first six months of 2021 compared to the last six months of 2020. According to George Mienie, CEO of AutoTrader, this is a tangible result of supply and demand. “According to AutoTrader’s 2021 Mid-Year Industry Report, …

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