TRENDS
Fewer young people are buying cars in SA
Many younger and urban consumers don’t want to own cars; they simply want to get from A to B
19 July 2023 - 12:22
The ratio of young people buying cars in SA has dropped dramatically in the past decade, according to data analytics company Lightstone.
In 2012, consumers aged below 35 years accounted for 39% of new-car purchases but by 2022 the figure had dropped to 31%. For used cars, the proportion of young buyers dropped less sharply from 41% to 39% over the same period, according to Lightstone’s study...
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