AutoTrader’s annual report details trends such as rise in average selling price and gives insights into market
The most sold vehicle on AutoTrader’s website is the Ford Ranger. Picture: SUPPLIED
It is noted in the report that the average selling price of used cars on the website increased to R289,312 in the 12 months to June. This was a 3% increase over the year before, and resulted from increases in average used-car prices in February and March. During the lockdown period, searches shifted to include under R50,000 as one of the top five most searched price ranges, he said. This normalised as restrictions were lifted and the market operated under level 3 lockdown.According to the report, the Covid-19 pandemic has caused used-vehicle sales to plummet 11.9% in the past year, having been on track for a 9% increase.
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