https://newsletter.en.creamermedia.com
Automotive|Business
Automotive|Business
automotive|business

Used-car sales on the increase, boosted by budget buys – AutoTrader

The VW Polo Vivo was a top seller in October

The VW Polo Vivo was a top seller in October

22nd November 2024

By: Irma Venter

Creamer Media Senior Deputy Editor

     

Font size: - +

Based on the latest sales data from AutoTrader, the used-car market is on the mend, with 34 968 units sold in October.

This is a 6.5% year-on-year increase from the 32 839 used vehicles sold in October last year, and a 22% uptick in used-car sales compared with September this year, at 28 609 units.

According to naamsa | The Automotive Business Council, new-passenger-vehicle sales jumped to 34 228 in October, which is a 14.5% year-on-year increase, and a 12.6% increase compared with September this year.

“Used-car sales saw a notable increase in October, spearheaded by strong sales of budget-friendly cars,” says AutoTrader CEO George Mienie.

“The Volkswagen Polo Vivo, for example, enjoyed a 37% month-on-month sales increase, while sales figures for the Toyota Starlet grew by 26% compared to last month.

“Interestingly, the BMW 3 Series also saw a significant uptick, with month-on-month sales rising by 27% compared with September, 2024.”

In October, the total value of used-car sales rose to R14.09-billion – a 21.59% increase from September’s R11.59-billion.

Year-on-year, used-car sales also saw growth, up 10.84% compared with October 2023’s R12.64-billion.

The average price of used cars has fallen slightly from September 2024’s average of R405 154, to R403 049 in October.

The average mileage has also decreased – from 75 588 km in September to 73 757 km in October.

The average registration age for used cars sold in October was five years.

In October, the most popular used passenger car models included the Volkswagen Polo (1 679 units), Volkswagen Polo Vivo (1 402 units), Toyota Fortuner (737), Suzuki Swift (635), Mercedes-Benz C-Class (563), BMW 3 Series (561), and Toyota Starlet (521).

 

Edited by Creamer Media Reporter

Comments

Projects

Showroom

Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 22 November 2024
Magazine round up | 22 November 2024
22nd November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.256 0.386s - 252pq - 2rq
Subscribe Now