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Everybody has at least one ambition of buying a car at some point in their lives, according to the South African used car industry. A few years ago, purchasing a car was tough for those with normal incomes because it was out of their reach. Even used cars from outside were nearly hard to import for some people.
But today, because of the shifting circumstances, a lot has changed. The systems and facilities have been upgraded through technological innovation. It is now simple to import a vehicle into practically every nation in the world thanks to rising human incomes and the prevalence of numerous online portal websites. Any person can now utilise the internet to import any automobile, new or used.
The South Africa Used car Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The encouraging buoyancy in the used car market, supported by robust vehicle search data and interest, provides a much-needed boost to South Africa’s battered automotive sector. AutoTrader, which dominates the online vehicle trading market in South Africa, also provides the sector with important sector and market monitoring, research, and publications.
According to the company, AutoTrader provides unparalleled insight into car-buying patterns in the country” as the largest digital automotive marketplace in South Africa.
AutoTrader says that dealers can use the data to buy stock in the right price ranges that also meet consumer demand, which is especially helpful during volatile trading conditions.