SOUTH AFRICANS HAPPY TO INVEST IN PRE-OWNED VEHICLES
Research conducted by Gumtree SA has found that in 2017, twice as many used vehicles were sold as new ones. Jeff Osborne, Head of Automotive for Gumtree SA, said that several factors have influenced this trend, including a tough economy, the growth of online platforms that enable the buying and selling of pre-owned cars, improved warranties and service plans on preowned vehicles from dealerships and better availability of financing. He adds that hatchbacks make up 34% of their listings, with Toyota one of the most prevalent brands in the category.
This trend was also evident in the results of Gumtree’s first Pre-owned Car Awards, held in November last year, which assessed 2015 models in 10 different categories, looking at value, reliability and reasonable maintenance costs.
In the SUV Under R325 000 category, the 2015 Toyota RAV4 2,0 GX took top spot, with the People’s Choice Award going to the 2015 Toyota Fortuner
“I think many people have lost some of the status imperative about new cars and are less self-conscious about pre-owned. They want to make a smart choice,” says Osborne.