POWER TalkSA’s Automotive Industry: Used Cars VS. New Car Sales
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POWER Talk is a mid-morning talk show that delves deeper into the news of the day, along with larger societal themes, inviting listeners to help unpac…South Africa’s automotive industry continues to be one of the largest contributors to the country’s GDP, yet affordability challenges continue to shape purchasing decisions. The latest South Africa Vehicle Pricing Index (VPI) for Q4 2024 released by TransUnion shows a continued shift towards used vehicles, with financing for pre-owned vehicles outpacing new car financing. This while South Africa’s automotive industry sees the infiltration of Asian car brands competing in the market. Bongi Gwala spoke to Marcia Mayaba, sales vice president for auto information services at TransUnion.
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