The Q1 2022 TransUnion Vehicle Price Index

The VPI measures the relationship between the increase in pricing for new and used passenger vehicles — drawn from 15 top-volume manufacturers.

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VPI Q1 2022 Results

Vehicle Pricing Index (VPI) and Consumer Price Index (CPI)

VPI Q1 2022 Results Line Chart

Overall, the global automotive industry had another challenging quarter — with sourcing inventory remaining a major constraint. South African interest rate and fuel hikes increased the total cost of ownership. Despite supply chain disruptions, volatility in oil prices, lack of quality used supply, imminent unemployment rate increases, negative exchange impact and further pressure on disposable income during the quarter, sales returned to normal levels.

Kriben Reddy

“The push for quality used vehicles and limited supply is well summed up by used vehicle pricing with the trend remaining strong. Sourcing inventory has continued to be major issue especially with consumers holding onto their vehicles for longer as it is becomes increasingly difficult to replace. The interest rate and large fuel hike in the first quarter did little to dampen the new vehicle sales as consumer demand continues to decrease their total cost of ownership.”

– Kriben Reddy, Head of Auto Information Solutions

VPI Q1 2022: Insights

Vehicle Asset Finance Results

The over R300K band remain the highest since we started tracking in 2011; a positive sign going into the next quarter, albeit at lower volumes.

25%

<R200,000

30%

R200,000-R300,000

45%

>R300,000

VPI Q1 2022: Assets

VPI Q1 2022 Report