The used car market is showing remarkable resilience, even in the face of economic challenges, making it imperative to delve into the data offered by AutoTrader.
According to AutoTrader, the largest used car platform in South Africa, data reveals that in H1 2020, an astonishing 573 083 used cars were listed for sale by 105 different brands. Now, fast-forward to H1 2023, and we witness a 10% surge in used car listings, elevating the total available used vehicles for sale on the platform to 652 198, represented by 116 different vehicle brands.
George Minnie, the CEO of AutoTrader, attributes this growth to enhanced collaborations with China, mentioning, “We’ve seen brands like Chery make a triumphant return, along with other Chinese brands like Proton, expanding their presence in the South African automotive sector.”