INTERNATIONAL NEWS
How SA fares in global second-hand price dice
A UK firm has researched how much it costs to buy pre-owned across the world
When you see a beat-up old Toyota selling for R30,000, you tend to think that used car prices in SA might be a little out of kilter with the rest of the world. Look at classifieds from across the world and you’ll find Opel Corsas selling for barely R10,000 in the UK and Mustangs going for peanuts in the US. So just how expensive are used cars in the local market? Online UK used car dealership Carspring conducted a study on the depreciation of second-hand cars across the globe. While comparing the value of used cars between nations is known within the industry to be challenging, the company says it sought to understand the global market and offer transparency to the public. It came up with the Global Used Car Price Index 2017, which offers an overview of the value of various brands across different economic regions and car markets. The 40 countries researched include the majority of the largest car-producing nations, plus other countries of automotive interest, while brands were sele...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.