The bad news for car buyers in South Africa

While the latest indicators for the second quarter of 2021 suggest an uptick in the local car market, the combined effects of the latest third wave lockdowns and civil unrest could hit the South African automotive industry hard in the coming months – with potential knock-on effects for the economy, warns TransUnion.

According to the latest TransUnion SA Vehicle Pricing Index (VPI), total financial agreement volumes in the passenger market increased substantially year-on-year, with a 64% rise in Q2 2021 over the lockdown-affected Q2 2020, which saw the local industry register no sales in April 2020.

However, these ‘green shoots’

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