Normal
The motor vehicle market in SA is quickly showing sign of correction in new cars. Witness the number of established brands dealership closing. Unfortunately this leaves the second hand market, wide open to manipulation. Most SA consumers don't help themselves as well, with cars being seen as the Ultimate status symbol, and willing to jump through hoops to get finance on these vehicles. If consumers were not willing to do that, and no vehicles were being sold, watch how quickly second hand prices will also drop once rent, salaries etc are due by the dealer. I have also heard the story about they paid high, sell high. Think we all know that a kak storyWaiting to see how this flows through into the chinese brands on the used market
The motor vehicle market in SA is quickly showing sign of correction in new cars. Witness the number of established brands dealership closing. Unfortunately this leaves the second hand market, wide open to manipulation. Most SA consumers don't help themselves as well, with cars being seen as the Ultimate status symbol, and willing to jump through hoops to get finance on these vehicles. If consumers were not willing to do that, and no vehicles were being sold, watch how quickly second hand prices will also drop once rent, salaries etc are due by the dealer. I have also heard the story about they paid high, sell high. Think we all know that a kak story
Waiting to see how this flows through into the chinese brands on the used market