New-vehicle prices continue to rise above inflation
It’s a fourth successive quarter of price hikes, as used-car prices increase too
11 May 2021 - 17:32
New-vehicle price hikes in SA continued to soar above inflation in the first quarter of 2021, and bad news for prospective car buyers is that the situation’s likely to continue in the coming months.
According to the latest TransUnion SA Vehicle Pricing Index (VPI), vehicle prices rose for a fourth successive quarter, with the VPI for new vehicles moving to 8.8% in Q1 2021 from 4% in Q1 2020...
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