About 600 bidders and onlookers stood ten-deep inside Bosasa's Imbizo Hall on Wednesday morning, braving wet and cold conditions to grab a piece of the Bosasa pie.
There are three options to finance a car and each has advantages and disadvantages, says the head of auto information solutions at TransUnion Africa.
"The car industry in general is still in decline, and is taking strain from several quarters right now," says TransUnion Auto as it reveals problems facing local car sales.
The finalists have been revealed in Gumtree's 2018 Pre-Owned Car Awards. Take a look at the top cars in 10 different categories.
The long golden run for used vehicle sales in South Africa is noticeably slowing down as local buyers are opting to buy new vehicles again. Is this a sign of good times for the local car industry?
'New cars are back in vogue during the first quarter of the year as competitive prices, lower interest rates and inflation boosted demand,' says TransUnion.
From the hijacking stats per province to used cars becoming more expensive in SA, here are 5 top motoring stories you shouldn't miss.
The credit health of South African consumers continues to improve despite major political uncertainty in SA, according to a TransUnion index.
TransUnion says its latest Vehicle Pricing Index 'should be music to the ears of consumers who’ve been itching to buy a new vehicle'.
The South African automotive industry faced yet another challenging quarter with vehicle prices set to increase, according to TransUnion SA.
The TransUnion South African Consumer Credit Index has found that more consumers are resorting to borrowing money to pay off debt or for general expenses.
A poor credit score is one of the top reasons why entrepreneurs get turned down for business loans, according to TransUnion Africa.
The constrained economy, a VAT hike, and petrol price increases have all combined to push the latest TransUnion Africa Vehicle Pricing Index (VPI) below inflation for the 6th consecutive quarter.
"Lower vehicle price inflation is providing significant relief for embattled consumers," says TransUnion as its Vehicle Pricing Index (VPI) highlights new and used cars in South Africa.
Rand weakness a year ago drove consumers to the pre-owned vehicle market, but TransUnion data shows the pendulum is swinging back to the new vehicle market.
From car prices to the future of electric vehicles, TransUnion answers 5 automotive questions.
TransUnion's Vehicle Price Index (VPI) shows prices of used cars have increased in South Africa.
'The overall cost of motoring is still on the rise, despite recent cuts to interest rates and fuel prices, as well as a slowdown in vehicle price inflation,' says Wesbank.
'It’s difficult not to have a negative outlook for the medium- to long-term future, given our current economic reality,' says TransUnion as it examines the affect of SA's Junk Status on vehicle prices.
The SA motoring industry faced a highly challenging second quarter. The rate of new vehicle prices increased by 8.4%, while used vehicle prices rose by 2.7%, reports TransUnion.
The effect of continued economic pressure has created an increasing demand for used cars in South Africa, according to a report.
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