{"id":165583,"date":"2020-09-12T21:54:16","date_gmt":"2020-09-12T19:54:16","guid":{"rendered":"https:\/\/mypr.co.za\/?p=93833"},"modified":"2020-09-12T21:54:16","modified_gmt":"2020-09-12T19:54:16","slug":"over-70000-pre-owned-cars-looking-for-new-homes-on-gumtree","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/over-70000-pre-owned-cars-looking-for-new-homes-on-gumtree\/","title":{"rendered":"Over 70,000 pre-owned cars looking for new homes on Gumtree"},"content":{"rendered":"

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South African vehicle sales may be down by nearly one third compared to winter 2019, but the market for used cars is growing, with South Africa\u2019s most perennially popular brands leading the virtual sales lot, according to Gumtree.co.za.<\/p>\n

Recent Wesbank data suggests that new car sales remain 34.6 per cent down compared to the same period last year, which means the new vehicle market has sold 120,960 fewer cars this year compared to 2019. However, the used car market is humming, with the online classifieds platform boasting more than 70,000 listings.<\/p>\n

Nunben Dixon, Head of Operations at Gumtree Auto, says \u201cTransunion insights suggest a new-to-used car ratio of 2.31 used cars to every new car financed in South Africa over the last quarter, and we believe there\u2019s never been a better time for buyers to negotiate a bargain on their future four-wheeled baby.\u201d<\/p>\n

With online shopping having surged since the first lockdown was instituted in March 2020, there\u2019s been a notable increase in used-car listings as South Africans rework their budgets to future-proof their finances \u2013 but just because a downsizing might be required, doesn\u2019t mean that car owners need to settle for second-best.<\/p>\n

Buyers seeking a second-hand vehicle that still has that new car aroma are spoiled for choice, with more than 10,000 cars and bakkies with mileage of less than 10,000km listed for sale. Those that are happy with an older vehicle with higher mileage can choose from the 4,715 vehicles older than five years listed, or the 2,333 vehicles older than 10 years looking for new owners.<\/p>\n

Volkswagen, Toyota and Ford vehicles \u2013 the three most popular brands before lockdown \u2013 account for more than half of all the second-hand vehicles listed on the online classifieds site, with VW Polo (3,137), the unofficial vehicle of UberX \u2013 Toyota Corolla (2,475) \u2013 and Ford Ranger (1,867) comprising the sellers\u2019 favourites.<\/p>\n

Dixon adds, \u201cNew vehicle price increases are rising faster than inflation, which highlights the attractiveness of a pre-loved car. We all know that your new car loses value the moment you remove the ceremonial bow and you drive it off the showroom floor, and it will depreciate by 15-20 per cent more within the first year of ownership.\u201d<\/p>\n

Claire Cobbledick, General Manager at Gumtree South Africa says, \u201cCorporate South Africa is under immense pressure, and with the reversal of South Africa\u2019s economic recession being uncertain, we expect to see additional job losses and other budget cuts directly impacting our middle class consumers over the next few quarters.<\/p>\n

\u201cStatus symbols such as the car you drive and the house you live in are synonymous with South Africans\u2019 collective culture, but we recommend prudent asset and liability considerations over the next financial year. The more consumers control their debt, the more likely they are to survive any post-COVID-19 aftershocks.\u201d<\/p>\n

The ten most popular manufacturers in the online classifieds\u2019 site include:<\/strong><\/p>\n

    \n
  1. Volkswagen \u2013 over 10,600<\/li>\n
  2. Toyota \u2013 9,733<\/li>\n
  3. Ford \u2013 6,488<\/li>\n
  4. Hyundai \u2013 4,746<\/li>\n
  5. Nissan \u2013 4,446<\/li>\n
  6. Mercedes-Benz \u2013 4,152<\/li>\n
  7. BMW \u2013 3,695<\/li>\n
  8. Renault \u2013 3,045<\/li>\n
  9. Audi \u2013 2,159<\/li>\n
  10. Honda \u2013 1,470<\/li>\n<\/ol>\n

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    Pages: Page <\/span>1<\/span> Page <\/span>2<\/a><\/div>\n

    Source: MyPR.co.za<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    South African vehicle sales may be down by nearly one third compared to winter 2019, but the market for used cars is growing, with South Africa\u2019s most perennially popular brands leading the virtual sales lot, according to Gumtree.co.za. Recent Wesbank data suggests that new car sales remain 34.6 per cent down compared to the same […]<\/p>\n","protected":false},"author":1,"featured_media":165584,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9021,1],"tags":[3257],"class_list":{"0":"post-165583","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mypr","8":"category-south-africa","9":"tag-mypr","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2020\/09\/over-70000-pre-owned-cars-looking-for-new-homes-on-gumtree.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/165583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=165583"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/165583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/165584"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=165583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=165583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=165583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}