Industry report reveals online used vehicle searches increased by 40%

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 59%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

A total of 401-million online searches for used cars took place last year (an all-time record and an almost 40% increase year-on-year). Furthermore, the average selling price of a used car in the last year was R289,312, an increase of R9,003 over the ...

Mike Mabasa, to current data and statistics pertaining to the used car marketprovides insight into which makes, models and – for the first time in SA – which variants are important to car buying consumers.

Fascinating findings on the impact of the Covid-19 pandemic on the automotive sector are also contained within the 48-page document. According to Mienie, the report is especially useful during turbulent trading conditions because the data helps dealers to acquire stock in the right price bands that also meets consumer demand.

“It goes without saying that 2020 has probably been one of the most challenging years in the history of the automotive businessQ3 ending September 2019, we saw a high of 2.4%in Q1 ending March 2020,” he said. While each section of the report contains relevant and extremely valuable data, here are some of its highlights:The most searched for variant is theThe report covers the 12-month period ending June 2020.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Plans for SA taxi industry revamp revealedThe Transport Department has unveiled its plans for the upcoming National Taxi Indaba, which will focus on formalisation – converting taxi businesses into corporate entities and ensuring compliance with the country’s tax and labour laws. TheCapeArgus
Source: IOL - 🏆 46. / 51 Read more »