SOUTH AFRICA USED CAR MARKET

KEY FINDINGS

1. South Africa relies on used car imports from EU and Asia to sustain used car market demand
2. $10-$15k USD is the most popular price bracket for used car sales and Toyota is the most sought after brand. In 2022, the avg prices went up by ~10-12% YOY
3. Avg mileage of used cars in South Africa is ~70-80k kms
4. Toyota Hilux, Ford Ranger and VW Golf are much sought after by used car buyers and they also command comparatively higher resale value
5. The industry needs more tech enabled platforms which can help organize the market and also improve inventory sourcing and liquidation

INTRODUCTION

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.

SOUTH AFRICA USED CAR MARKET SIZE AND FORECAST

 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.

SOUTH AFRICA USED CAR MARKET NEW PRODUCT LAUNCH

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.

SOUTH AFRICA USED CAR MARKET COMPANY PROFILES

• Nissan
• Toyota
• Mahindra
• FORD
• BMW
• Mercedes-Benz
• Volkswagen

THIS SOUTH AFRICA USED CAR MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Used Cars are manufactured per annum in South Africa? Who are the sub-component suppliers in different regions?
2. Cost breakup of a South Africa Used Car and key vendor selection criteria
3. Where are the Used Cars manufactured? What is the average margin per unit?
4. Market share of South Africa Used Car market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture South Africa Used Car in-house
6. key predictions for next 5 years in South Africa Used Car market
7. Average B-2-B Used Car market price in all segments
8. Latest trends in Used Car market, by every market segment
9. The market size (both volume and value) of the Used Car market in 2024-2030 and every year in between?
10. Production breakup of Used Car market, by suppliers and their OEM relationship