The average purchase price of a car in South Africa right now

New vehicle sales data from vehicle financing company Wesbank shows that the average value of new cars financed in August was R377,252, down from R378,749 over the same month a year ago.

New vehicle sales data from vehicle financing company Wesbank shows that the average value of new cars financed in August wasDemand in the new vehicle market continues to grow, despite the current inflationary cycle. “Applications for finance continue to show a growing demand for vehicle replacement, with WesBank’s book showing strong double-digit growth being driven by applications for new vehicles,” said Lebogang Gaoaketse, head of marketing and communications at WesBank.

Consumers continue to look for value in the used vehicle market, and recent interest rate hikes have not yet affected the numbers of consumers looking to purchase, it said.

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BusinessTechSA /  🏆 24. in ZA

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