AutoTrader reports a growth in consumer confidence during July 2024. This is based on an increase in new and pre-owned vehicle sales.
“The increase in new car passenger sales indicates that consumers are in a better financial position. What’s more, new car sales fuel future used car sales and newer vehicles feeding car parc growth,” explains AutoTrader CEO George Mienie.
According to AutoTrader data, used car sales rose an encouraging 14% month-on-month. The 31 707 units sold in July (nearly 4 000 more than in June) realised a total value just shy of R13 billion. In July, the average price of a used car rose slightly by 0.4% to R409 238. On average, that buys a 5 year-old car with mileage of 75 227 km.
The change in the market is a constant but Toyota is leading sales in the used car market and the Ford Ranger bakkie is also doing exceptionally well. “Volkswagen and Ford are more than likely to remain unchallenged in their second and third sales spots while the Toyota Hilux bakkie and popular hatch VW Polo will doubtless continue their grip on sales behind the Ranger,” says Minnie.
Top 10 sold models in July 2024
| Ranked by most sold | Model | Sold Count | Price (R) Average | Mileage (km) Average | Registration Age Average |
| 1 | Ford Ranger | 1,903 | R464,598 | 80,767 | 5 years-old |
| 2 | Toyota Hilux | 1,540 | R441,540 | 105,965 | 6 years-old |
| 3 | Volkswagen Polo | 1,384 | R262,145 | 72,104 | 6 years-old |
| 4 | Volkswagen Polo Vivo | 1,179 | R192,052 | 61,415 | 5 years-old |
| 5 | Toyota Fortuner | 756 | R464,036 | 101,531 | 6 years-old |
| 6 | Mercedes-Benz C-Class | 565 | R400,570 | 98,399 | 9 years-old |
| 7 | Suzuki Swift | 513 | R185,546 | 39,607 | 3 years-old |
| 8 | Nissan NP200 | 497 | R179,714 | 83,343 | 5 years-old |
| 9 | BMW 3 Series | 471 | R388,072 | 104,522 | 8 years-old |
| 10 | Isuzu D-Max | 436 | R414,176 | 68,777 | 3 years-old |
Source: AutoTrader Used Car Sales Data: 1 – 31 July 2024
In July, Toyota managed to achieve a 17% increase in month-on-month used car sales with a total of 5 490 units sold. In the model category, the Ford Ranger achieved a 21% increase in sales with 1 903 units moving through the AutoTrader platform for an average price of R464 598 for 5 year old models with an average of 80 767 kms.
The VW Polo Vivo 1.4 and stablemate VW Polo 1.0TSI meanwhile continue to battle it out for overall variant supremacy.
Kia was the only brand in the top ten to post a drop (-13%) in monthly used car sales. The Isuzu D-Max climbed from 14th position in June to 10th spot after the bakkie posted a 30% increase in monthly sales.
The top ten is all about bakkies, hatches, and two luxury but ageing sedans.
Source: haveyoursayza
