I am hopeful that soon, someone will be blowing the lid off what I am convinced is a collusion in the car industry. It maybe me, it may be you, but all I know, is that we should stand together and stop this highway robbery, and that it should happen soon
The same way it took a small business man, who wanted to offer cheaper bread to his customers to take on Industry Giants and win (YAY!) it should take us (the struggling consumer) to take on, what must surely boil down to price-fixing in the true sense.
Acutely aware of “industry norms” the “blue book value” and “market-related” jargon that is spewed at you when querying high prices, I still feel that the current high prices are not justified at all.
It is RIDICULOUS how high, unaffordable and over-priced, OLD cars are, not withstanding the new or later models. What IS consistent is that ALL dealerships and manufacturers sell at the same price (or insist on doing so) - was this not the problem in the bread industry??
I have been for a while looking for car (used) – not even second-hand, but third or fourth-hand is all I could afford. My research has shown that the same car and model that I bought 9 years ago, and at the time was 10 years old, is TODAY (19 years later) STILL selling for the same price! How can that be??
Is depreciation not a factor? The increased mileage surely should determine that this 19 year old car cannot still be selling at R35 000??
No matter how “popular” or “in demand” that car can be – surely the high prices cannot be justified?
In an advert today: A 2000 model Nissan Sentra with 268 408kms on the clock is for sale at R79 995! Or if that’s too expensive, try the 1993 (21 yrs old) Nissan with 187 775kms for “only” R69 995!
In contrast, a “like new” 2012/13 - Hyundai or Chevrolet Spark with an average of 30 000kms is available at less than R40 000!
Why is no one squealing about this??I don’t even want to talk about the expensive, SUV’s, the latest entry level new cars or the luxury market.
My dream car is the Rav4 2005 (125 000+kms) and it will cost me about R149 000, yet the NEW one is double that price??
IF I am crazy enough to finally heavily indebt myself for my dream car, it means that I will have to come up with about R3700 per month for the next 5 years.
Once I am done paying, my dream car would then be 14 years old – with probably 300 000kms on the clock. And should I sell then, I may be able to demand the same buying price!
How can this be possible?
I am sure that this letter, will get all sorts of “expert” advice from those “in the industry” that will be all too eager to “school me” and tell me just where to get off.
I may even get some to make me an offer on that dream car. But even then, no-one will be willing to offer it at much less than the next guy.
Cars more than 25 years old should not be selling for what they are – unless “classics” in the original sense.
How has the Competition Tribunal, The Ombudsman, the Consumer Protection Act or the Public Protector not yet taken this on??
All this research has shown me is that “THEY” are all in it together. And that WE should start standing together and put a stop to this.
The Way I Zee It…Where there’s smoke…(the oil rings probably needs to be changed )