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Community Business Directory, Event Listings, News and Views from Gqeberha, Nelson Mandela Bay

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Consumers continue shift to used cars

16 November 2015 By Alan Straton

Derick de Vries

The latest Vehicle Pricing Index (VPI) report released by TransUnion today reveals that despite a significant depreciation in the Rand and a rising cost of living, new vehicle price inflation in South Africa continued to slow in the third quarter of 2015, as economic pressure weighed heavily on the pockets of both consumers and businesses. These factors have resulted in an increasing demand for used cars, with the VPI showing that the ratio of new to used vehicles financed has marginally … [Read more...] about Consumers continue shift to used cars

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