mailer-header
Auto Insights | February 2022

New vehicles sales increase while used vehicles hold more value

South Africa’s vehicle market is showing interesting developments in both new vehicle sales and the rising value of used vehicles.

New vehicle sales in January 2022 increased by just over 19% compared to January 2021, and naamsa reports they were in fact 15% higher than December 2021.

While new vehicle sales were improving, albeit at slower levels because of the semiconductor shortage and New Vehicle Price Inflation, four-year-old vehicles were holding their value best among used vehicles – and in fact retained more value in 2022 than 2021.

Our story on four-year-old used vehicles shows the leap in value retention (retained % of a vehicle’s New List Price recorded by Signio when sold as a used vehicle) as LCVs leapt 7.84% from 72.70% in February 2021 to 78.40% a year later. PAS used vehicle retention jumped 6.53% from 72.34% to 77.06% of the 15 brands assessed, only Jaguar’s Used Vehicle Retention fell in 2022 from 2021.

We hope you enjoy our February issue!

Newsletter

New vehicle sales increase despite production challenges

New vehicle sales in January 2022 (41 330 units) were 19.3% ahead of January 2021, according to naamsa.

Read more

Used vehicles increasingly valuable

4-year-old vehicles cost more in 2022 than 2021.

Read more

Newsletter
Newsletter

Top five Brands leading in Used Vehicle Retention

Which are the top five brands?

Read more

The Lightstone Auto Client Satisfaction Survey

We want your feedback! Our next survey starts on 15 March. Help us understand your needs better.

Read more

Newsletter
New on Lightstone.co.za

Have you seen our new website?

Image
Solutions that simplify the complex

Our new website makes it easier to navigate and discover a range of Lightstone products and solutions that make it easier for you to do business.

Image
One place to access your subscriptions

We’ve simplified the complex with a single sign on functionality. Simply login and you will have access to all the products that you currently subscribe to. All in one portal.

Image
What’s happening to the old website?

A few links on our new website may redirect you to certain pages on the old website. This is just a temporary solution to ensure legacy users still have access to certain products.

We use cookies that are essential for this website to function and to improve your user experience. Please refer to our Privacy Policy.