Based on the latest sales data from AutoTrader, the used-car market is on the mend, with 34 968 units sold in October.
This is a 6.5% year-on-year increase from the 32 839 used vehicles sold in October last year, and a 22% uptick in used-car sales compared with September this year, at 28 609 units.
According to naamsa | The Automotive Business Council, new-passenger-vehicle sales jumped to 34 228 in October, which is a 14.5% year-on-year increase, and a 12.6% increase compared with September this year.
“Used-car sales saw a notable increase in October, spearheaded by strong sales of budget-friendly cars,” says AutoTrader CEO George Mienie.
“The Volkswagen Polo Vivo, for example, enjoyed a 37% month-on-month sales increase, while sales figures for the Toyota Starlet grew by 26% compared to last month.
“Interestingly, the BMW 3 Series also saw a significant uptick, with month-on-month sales rising by 27% compared with September, 2024.”
In October, the total value of used-car sales rose to R14.09-billion – a 21.59% increase from September’s R11.59-billion.
Year-on-year, used-car sales also saw growth, up 10.84% compared with October 2023’s R12.64-billion.
The average price of used cars has fallen slightly from September 2024’s average of R405 154, to R403 049 in October.
The average mileage has also decreased – from 75 588 km in September to 73 757 km in October.
The average registration age for used cars sold in October was five years.
In October, the most popular used passenger car models included the Volkswagen Polo (1 679 units), Volkswagen Polo Vivo (1 402 units), Toyota Fortuner (737), Suzuki Swift (635), Mercedes-Benz C-Class (563), BMW 3 Series (561), and Toyota Starlet (521).
Edited by: Creamer Media Reporter
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